I am not much into chart reading but all the hoohaa about AI being a bubble just makes me think its not a bubble. But seing the price of Gold the chart looks eerily similar to the wall street crash before the 1929.
Gold looks like a bubble to me.
And I am a gold bug btw hey I am into the Austrian School of Economics, although I am not a fanatic about it.
I mean the gold option is the doom and gloom.
..ahhh goverments are printing so much money, we are gonna have hyperinflation etc....
I mean goverments are printing more money(get over the non technical language I know its the central banks bla bla)
I have heard the Fed saying that the US goverment is approaching a term called fiscal dominance. Which means the old quantitive easing money gun is running out off bullets. For those that dont know the US goverment debt is so high now that increasing interest rates to control inflation will make the US goverment go bankrupt(and the ensuing chaos that would cause to the economy anyway), so I think the Fed is stuck between a rock and a hard place.
I just dont think Gold has anywhere to go except down as a source of liquidity for other more productive investments like AI🥰 and Space🥰