Investors are dumping Treasuries and looking for safety:
It could get quite interesting. As Lenin said:
There are decades where nothing happens; and there are weeks where decades happen
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Gold is manic. $4500 is very possible.
But you won’t take dollars for it.
That’s a massive devaluation of the US dollar really.
All China now needs to do is announce that it is dumping US Treasuries and that’s the dollar finished. Better be nice to China.
Not a chance.
You put great faith in imagination.
I’ve just imagined gold at a new high 
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It is not your money that is high.
I know, it’s the dollar/sterling/euro falling like a stone.
It’s just a bit easier to write it that way.
I have never been a gold bug. But… I’ve now got 5.3% of my IRA in $GLD. These are strange times. (I also have a 20% stake in non-US via $VGK and $VXUS). I never thought I would be invested like this.
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I started in July 2013 and purchased a one ounce coin for £970. Current price about £2,550. I stopped buying in 2023 when my silver and gold made up 10% of my portfolio. I don’t intend buying any more as my metals now account for 17% of my portfolio.
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I’ve had a 10% allocation to foreign index funds for over a decade. The only part of my portfolio that’s performed worse over that time is the 2% I have in i-Bonds.
Every dog has its day.
intercst
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News reports say the Swiss Franc is doing well as a new secure currency.