TheApeOfGoldStreet
@TheApeOfGoldST
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32m
Heavy selling in the paper market can hammer prices, trigger stops and shake out leveraged longs. It does not erase the long-term case for #GOLD.
In my view, America is accelerating its own decline. Washington’s backing of Israel’s wars and its weaponisation of the dollar risk eroding the very trust its financial dominance depends on. Freezing reserves and threatening sanctions give other countries more reasons to diversify.
Central banks have added roughly 1,000 tonnes of gold a year over the past four years, about double the previous decade’s average. That is a significant vote of confidence in physical gold.
A sell-off does not make the debt disappear. It does not resolve geopolitical risks or rebuild confidence in governments.
My conviction remains: #GOLD will trade considerably higher in dollar terms over the coming years. The road will be volatile, but short-term price action does not change my destination.
You can create more paper contracts. You cannot print more gold.