The efficacy of the US government (part of the Fed’s QE) using massive sell orders to dramatically suppress certain commodities (such as precious metals and the interest rate on Treasuries) is weakening this year- check out gold https://futures.tradingcharts.com/chart/GD/?anticache=1628716718
hi Ralph- I think the impact of the Bitcoin market on gold has become more significant now that the $ size of the Bitcoin market is so much bigger. But I don't think that impact is a reason to stay out of speculating in gold or silver because cryptos and precious metals are complimentary rather than competitive inflation hedges.
hi Ralph- I think the impact of the Bitcoin market on gold has become more significant now that the $ size of the Bitcoin market is so much bigger. But I don't think that impact is a reason to stay out of speculating in gold or silver because cryptos and precious metals are complimentary rather than competitive inflation hedges.
Do you think Bitcoin is holding down the price of gold?