Humanity’s Age Old Obsession: Gold Price Predictions
This gold price predictions article was written by Michael Shpits, a Financial Analyst at I Know First.
Summary:
- Gold, an ancient staple of what humans have considered wealth, is often surrounded by misconceptions on possible correlations.
- Fabrication demand and M2 money supply correlations to gold fall apart in larger context.
- Correlation seems to exist between the precious metal and monetary demand, closely related to faith in banks.
- Gold remains a strong asset for risk mitigation and volatility smoothing.
