For a long time, I’ve considered Gold as a monetary goods that are driven by demand and supply more than an investment itself. It has a very long track of history itself and it was first used as a barter trade in 700 B.C.
A friend that I was close with has recently notified me that the long term downtrend of Gold was finally broken and that it might be on its way up again after breaking its 6 years downtrend.
Almost a decade of close to zero interest rates have atomized any form of risk aversion, and it is easy to see why people have generally flocked their preference to the equity markets in recent years.
Gold price has also performed decently during this period and just when they tried to break their long term downtrend back in Aug 2016, they started going downhill again right after …