Then I realized every AI algorithm is storing my information based upon my responses. Remember not many things are for free that was created by human beings. So is 2023 the year GOLD shines? I thought I was so smart showing the chart of GOLD and it's amazing returns within the last 20 years.
I was reminded that the S&P 500 has outperformed gold and it would have been better to be in the stock market. These are facts I cannot contend with. All I can say is perhaps this time is different because the stonks aren't going to be pumped up by the Federal Reserve.
All I can say is that the environment we are in is perhaps different. How much ammo is there left in the reserves? Are we going to go mania pumping one more time? Would it be better to have your money in the stock market when this happens? I honestly do not know. As much as the fundamentals tell me, reality and artificiality are still here.
I am leaning on the side that this will be a crazy year for gold, but I will not ever under-estimate the willingness and participation of the same emperor's screwing up the fundamentals.
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And I was thinking of using AI to comment. 🌜
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AI bots long hive
There is no way to analyze what gold will do based on the gold/dollar chart.
(and that bitcoin/dollar chart will probably not help at all.)
Or will it?
We all know that gold price is manipulated.
The spot price is not what large buyers pay.
The spot price is only an illusion kept in place for us little people.
So the only thing we can say about gold is that at some point, it breaks away from its manipulation.
You could say it already has. The premiums on precious metals at coin shops is getting outrageous!
The breaking away from manipulation will undoubtedly mean that many other things have broken too. So, we could see gold at $100,000 per ounce... while eggs are $250 per dozen.
It is also a real possibility that gold becomes priceless. No one willing to exchange it for dollars in the bank.