Gold futures just broke $3k/ozt

[haveagojoe]

https://www.wsj.com/livecoverage/st...e-1nTDETeaWNf0D3nnXKtP?mod=lctimeline_finance

$3k spot incoming?

 

[haveagojoe]

There it is!

 

[Marcel]

Gold will rise and rise and rise
(We all know why...)

 

[Alondro]

I must hoard all the gold dust from my prospecting spot!!

I have a whole 1/10 of a gram! (It's $9.60!! I could buy half a pizza!)

 

[haveagojoe]

Gold will rise and rise and rise
(We all know why...)

I know what you mean, and I agree, but honestly I think there are a bunch of factors all compounding in the same direction.
One major one is the fact that all over the world the rich are getting richer and the other options of places to park their cash are becoming less attractive.
There are very deep geopolitical reasons as well which I won't go into here, much more significant than the current surface-level uncertainty.