As of now, it is up around 10% for the day and gold is at an all-time high. I don’t think we will see much inflation in terms of prices in the short term because:
A) Other central banks are printing just as heavily as the federal reserve.
B) Defaults on mortgages and loans are increasingly and credit lines are decreasing.
But gold and Bitcoin have limited supply, unlike dollars, so they should continue to appreciate vs the dollar as central banks print faster and faster.
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Agree x 2
Last edited: Jul 27, 2020