Leroy wrote on Apr 8
th, 2025 at 9:13am:
I'm thinking about selling my gold and buying stocks while they are down. Gold will probably drop when the market regains stability. When the market recovers sell my stocks and buy gold when it drops which it will when Aus dollar regains value.
Good time to take profit from gold, but...
Gold has posted all-time highs despite market strength and higher interest rates for nearly 3 years. Most central banks and state actors have been buying gold in record amounts, including China, India, the US, Turkey, the central Asian republics, and even Poland, with no end in sight.
The Australian dollar has held at an average of 65c for over 3 years... recently, before tariffs last week, it was averaging 63c.
Interest rates are likely to drop dramatically over the next year, which is historically a stimulus for higher gold prices...