Gold Rally Not a Reason to Panic, but Investing Wisely Matters
A client called Vinayak Savanur yesterday with a straightforward question about investing in gold. The client had watched a reel explaining how central banks are buying gold, de-dollarization is real, and geopolitical risk is elevated.
While these points may have contributed to the price rise of gold in the past, they don't necessarily mean it will keep rising from here.
Savanur notes that 'safe haven' doesn't mean immune to crashes. Sentiment can push a price up hard and reverse it just as hard when there are no earnings to fall back on.