Not hating on gold BUT. Gold demand highest on record for 2023 yet price has moved from ~$1900 to ~$1945 this year. Yes there was a spike to $2050 or so but didn't hold. What am I missing?
https://schiffgold.com/key-gold-news/central-bank-gold-demand-in-first-half-of-2023-was-the-highest-on-record/
The price is manipulated by trading in paper gold as far as I understand.
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Seems to make sense. Wondering if btc heading down the same path with ETF. I'm a noob and don't know much about it I'll admit.
Very good question Justin. I hope it’s not the case but time will tell.
