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Why We Are at the Start of a Multi-Year Gold Bull Market
Recently the dollar gold price aggressively broke a multiyear resistance level on the back of escalating wars, worrying asset bubbles, and sticky inflation. Long term indicators show gold is undervalued under these circumstances and can easily double in price over the coming years. The past decades have been characterized by an elevated trust in credit instruments that blew the global financial system to colossal proportions. Now tensions between East and West, debt saturation and inflation are chipping away this trust, the balance between financial instruments with counterparty risk (credit) and without counterparty ... (full story)
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- Posted: May 7, 2024 3:51pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 244
