Gold price crossed the $1,400 an ounce mark in 5 years and Bitcoin crossed the psychological $11,000 mark per coin.
GOLD
The increase in Gold price is likely to due to several factors mentioned below, but often related to uncertainty and low interest rate. If economy is good and looking good, with rising interest rate environment, then Gold price will fall. Vice versa.
- increasing tensions in the Middle-East primarily reflected by the attacks of two tankers in the Gulf.
- global uncertainties from US-China trade wars.
- USD weakened while its 10 year yields dropped below 2% is another factor.
- countries like China, India, Russia, Kazakhstan, Poland and Hungary accumulating gold.
I am holding on to Gold and Silver as my biggest portfolio. They are not for yield, but just a hedge.
If economy is good, G & S price dropped, but I am not worry because then, business will be good, everyone