Is your portfolio inflation ready? Gold is slow but steady

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Inflation fears are real. With all the fiscal and monetary stimulus provided by the governments and central banks around the world creating money out of paper, keeping the interest rates low providing ample liquidity and devaluing their currency. Dollar is already in a long term bear market. All this point in one the direction that inflation is coming. Gold has been used as a store of value serves as a perfect hedge for inflation .

Gold has bottomed out medium-term and is currently in the early stages of a trend reversal. In that case, Gold should not be going below $1680 any time soon. A final confirmation is required and that will be done when Gold breaks the upper trendline of the falling channel coming from the All-time highs. ② is over and long term ③ has starting.

There is a debate going on if Bitcoin is replacing gold as the preferred store of value and hence the perfect inflation hedge. Well, Central banks have'nt started buying Bitcoin right? What do you think about the Gold vs Bitcoin debate?


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