Ah got it, removed gambling money. Yeah tbh I think gold has a lot more to run. The Chinese and Russian central banks are not going to stop buying gold anytime soon. Even as late as 1980 the international holdings of central banks was 60℅ gold. As of today it’s only 23%, but the first time since the 90s that that number is higher than US Treasuries. Don’t think that’s slowing down.
That said I think gold is probably also a bubble rn driven by crazy retail buying, but between AI bubble and gold bubble I choose gold.
Ah got it, removed gambling money. Yeah tbh I think gold has a lot more to run. The Chinese and Russian central banks are not going to stop buying gold anytime soon. Even as late as 1980 the international holdings of central banks was 60℅ gold. As of today it’s only 23%, but the first time since the 90s that that number is higher than US Treasuries. Don’t think that’s slowing down.
That said I think gold is probably also a bubble rn driven by crazy retail buying, but between AI bubble and gold bubble I choose gold.
deleted by creator