21 sats \ 3 replies \ @jeff 5 Apr \ on: Gold gives a severe warning signal econ
If gold is moving in advance, given a risk of X, Y or Z, then why did it barely budge for basically 3 years, in response to COVID? Given that it barely reacted, that implies COVID was somehow "priced in", way before. Maybe gold investors are always pricing in the worst, rather than the best possible outcomes.