ATHs
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Hi friends,
You may have already noticed this, but with the recent run in gold prices, we are at All Time Highs! :)
Just an epic run over the last 20 years. Are gold prices going to stay higher - I say yes. The price to mine/produce more gold is only getting more expensive (labor, equipment, gas), the investment asset class is not going anywhere, the inflation hedge rationale makes sense, the store of value proposition is strong, the tangible need in manufacturing is not changing, and the use as an alternative exchange of value in a currency collapse is necessary - among other reasons.
So yeah, gold may dip in short run, but in the long run, more ATHs will be the norm.
Do you agree?
Thanks for coming by,
Brian
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