How will Gold perform in 2021?

Did the everything bubble burst?

With the crash this spring a lot of people, Ronald including expected to see a certain amount of bouncing back. What he didn’t expect was the total madness which followed in a bunch of sectors. His explanation of the developments is the so-called crack up boom, described by Ludwig von Mises in which people slowly loose trust. Also, a lot of sectors are reporting good performance due to the massive reinflation.

New record highs

While we have seen gold perform a very natural and healthy correction, we have seen record highs for gold in almost all major currencies. The only one still missing is the US Dollar. It is also, that a lot of people are currently getting interested in gold again and start to invest in it again. In 2021 we will probably see inflation make a comeback and finally large institutional players will finally hop on the gold train.

Bull versus bear market

During the 70s gold has had multiple bull and bear markets. The case can be made that it was just one big bear and one big bull market with corrections but one certainly doesn’t have to see it that way. It can be noted that so far, we have seen a slow and steady upwards trend which indicates, that this bull market still has quite some time before it ends.

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Source: https://youtu.be/fi0zQMuz2yU