Gold can only crash in one condition that’s too rare. guess?
Well this only happens if everyone (household) starts selling… which will never happen
but on a serious note, it may fall when safe-haven fear fades, the dollar gets stronger, and interest rates after inflation go up, because then gold looks less attractive than earning interest in cash or bonds
other , what are your views?
Highly unlikely - not even a 1% chance. US is about to default yet again, and when that happens they will refinance their debt again, print more money, dollar value will fall.
Plus BRICS plan of de-dollarization will add fuel to fire. The international currency for exchange will be something like gold, and not the currency of some country. Or there will be a new BRICS currency which will strengthen the currency of each member country and will be dependent on the member-currency.
China is already accepting international payments in Yuan. They know that they have to strengthen their currency to fight up to the dollar.
In the near-to-mid term, I see gold going up. Countries all over are buying gold left and right to increase their gold reserves and they know that they cannot trust US anymore when it comes to having US sit on their gold. Many countries are already bringing back the gold kept in other country as their reserves, to back home.
The safe-haven image of gold will fade only after the chaos of de-dollarization ends and there is a new global currency that is not-gold, and is not backed by gold. Or, if gold mining in outer space starts. The whole demand for gold is driven by the fact that it is limited right now. If we find a new way to make gold, then gold might become the next silver.
This can happen only when a huge gold reserve is found out like this !! ![]()
Rupee appreciating against dollar.