The Bloom Is Off Gold
by Stephen Lendman
Gold has stood the test of time for thousands of years.
It is for now. Don't bet against it longer term. Value eventually wins out. Gold's secular bull market continues. Experts believe it has a long way to go.
Market manipulation bears full responsibility for recent market action. A previous article explained. It called gold a global thermometer. It reflects monetary, geopolitical and economic conditions. It's driven by supply and demand considerations.
It's the longstanding hedge against uncertainty. It's bought to do so against inflation, the declining value of fiat money, and disturbing global geopolitical conditions.
It has real value. It's the ultimate safe haven. It's been so for thousands of years. It's track record is unmatched.
What goes up, goes down. On the one hand, doing so reflects normal market action. On the other, much more is involved. All markets are manipulated.