The current total market value of gold is approximately $30 trillion.
The size of US debt is $37.5 trillion.
If global central banks buy gold to hedge against the risk of US debt default,
then the total market value of gold in this round should be comparable to the size of US debt.
To reach a market value of $37.5 trillion, gold needs to increase by another 25%.
Converted to price, that is $5,375 per ounce.
This price should be the cyclical top of this phase.
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SailorSamba
· 1h ago
Gather strength during declines, stay calm during rises, cycle repeatedly, only then can you see tranquility and wisdom.
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囤主流享自由
· 14h ago
"Classic Volume Trading Rhymes"
Buy the flat, buy the dip, don’t buy the spike; the selling point is at the peak hype.
Small, steady rises are true gains; big, rapid rises mean it's time to refrain.
Sharp drops without volume are just scares; slow declines with heavy volume, get out of there.
A big surge needs a pullback, don’t buy big unless a deep dip comes back.
The current total market value of gold is approximately $30 trillion.
The size of US debt is $37.5 trillion.
If global central banks buy gold to hedge against the risk of US debt default,
then the total market value of gold in this round should be comparable to the size of US debt.
To reach a market value of $37.5 trillion, gold needs to increase by another 25%.
Converted to price, that is $5,375 per ounce.
This price should be the cyclical top of this phase.