On December 31, 2021:
I chose the Gold chart for my Happy new year message to my followers. You may think it was a random choice, but it was not..!
Gold is up 7.56% so far in 2022 which neutralizes the inflation better than other assets in 2022..!
Let's bring back the Gold Standard and look at the charts:
1-NASDAQ100/GOLD Spot Price: -18.3% YTD
2-S&P 500/GOLD Spot Price: -12.4% YTD
3-USOIL/GOLD Spot Price: +15.3% YTD
4-Bitcoin/GOLD Spot Price: -17.1% YTD
Compare with USD:
Conclusion:
Inflation is a global issue..!
A: Gold is one of the best hedges against inflation(5000 years of history)
B: Cryptocurrencies are not a good hedge in the high inflation era.
C: Higher inflation could cause a panic buy and push the gold price much higher!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
* I have a long position.
I chose the Gold chart for my Happy new year message to my followers. You may think it was a random choice, but it was not..!
Gold is up 7.56% so far in 2022 which neutralizes the inflation better than other assets in 2022..!
Let's bring back the Gold Standard and look at the charts:
1-NASDAQ100/GOLD Spot Price: -18.3% YTD
2-S&P 500/GOLD Spot Price: -12.4% YTD
3-USOIL/GOLD Spot Price: +15.3% YTD
4-Bitcoin/GOLD Spot Price: -17.1% YTD
Compare with USD:
Conclusion:
Inflation is a global issue..!
A: Gold is one of the best hedges against inflation(5000 years of history)
B: Cryptocurrencies are not a good hedge in the high inflation era.
C: Higher inflation could cause a panic buy and push the gold price much higher!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
* I have a long position.