① Semiconductor bubble → Sell gold to buy semiconductor stocks → Gold is essential for semiconductors → Increased demand drives gold prices up
② Surging oil prices cause inflation → Interest rates rise → Sell gold to buy government bonds → Gold is bought as cash loses value due to inflation → Increased demand drives gold prices up
③ Iran war drags on → Gold bought as a safe-haven asset during crises → Increased demand drives gold prices up
No matter what, it seems gold can only go up from here. Even if it’s sold off temporarily, let’s just wait until it rises again.
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