I agree with your view about speculationI know fuck all about blah or this speculation shite, i despise it to my core, making money off other peoples sweat, but if it's actual gold you have paid for and is in your hands, it's worth having where you understand it's for putting away for years in a hole in the ground like any real hard asset
This speculation shite around paper gold, good luck, could not give a fuck, it's gambling where many people will end up poorer because you happened to strike rich. Having said that if I struck rich I would be pumping my wealth back into doing something useful for my nation and my people, so if you trying to play them at their own game and that's your goal, go ahead, hopefully something comes out of this faggotry that is of use.
I can see inflation going up hard, or they will be replacing the consumer price index basket of goods with dog food to try fool us for a while, with the way they are looking to print their way put of this, further destroying peoples savings.I agree with your view about speculation
However we are living in extraordinary times. And part of those extraordinary times is the search for yield.
Yield is the return made on an investment. In these extraordinary times, yield appears to be far more difficult to generate than previously. If some type of investment is generating a yield, the stampede to invest in that commodity/share takes hold.
In the "good old days" there were far more investment types which offered a steady and sure yield. These days there are far fewer ones.