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Edward McLaughlin
ITM TRADING, INC.
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Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "Why Gold Demand is Soaring: A Simple Breakdown" video.
That headline: "China Is Buying Gold Like There's No Tomorrow". Well, maybe not many tomorrows if the Nuland/Blinken/Sullivan circus keeps rolling.
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For those who are wary and holding back on the basis of waiting for the dip in gold price. Look up the dollar price per ounce chart for the past 50 years. Look at that line. Basically, there's one year, 2011, you could have come unstuck and even then, within eight years you were once again on the up. Then, since 2019 we have entered a different world altogether. Not saying definitely that gold won't ever again dip; but what we need to remember is it's not gold going up, but the dollar going down. And if you can see any way that that slide is stopped, then you're a better man than I Gungaddin.
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