I’ll never understand.. the dollar is crashing or at least the rate of inflation is about to explode and people are willing to trade their gold for soon-to-be worthless dollars. It don’t make a lick of sense.. but I hear offers all day long on radio ads.
“...people are willing to trade their gold for soon-to-be worthless dollars. It don’t make a lick of sense.. but I hear offers all day long on radio ads.”
Sellers of gold rely upon their ability to buy gold and sell it for whatever markup they can generate. They can always get more gold. They are not hoarders of whatever they have in inventory, otherwise they would never be able to pay their rent. Nor are they bettors upon a linear, continuous price increase in spot gold. The margins they work on are tiny.
Is an oil etf just as good?