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Gold has hit an all-time high due to increased demand during a government shutdown.

Gold-backed ETF inflows in September were the largest in 3 years. Gold price rose to $3,890/oz, marking its fifth straight daily gain. Gold has increased by 47% this year, on track for its biggest annual gain in nearly 50 years.

Today I am doing a video on Gold and BTC and the Floor Price... how a rising Gold Price is great for BTC... but we are still lagging.

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Comments

Pla Dim

Thank you James and IA team 🙏🍀👍

ThEDuMbFoUnDeR

I'm happy it is good for Bitcoin, buy I'm also ready for the pump

Roy Jones

It's the golden era for gold.😁

A B

Fermi. Any thoughts?

The Watcher

glad we are including gold in part of the discussion. I've been making a lot lately in the gold mining and silver mining stocks and will be good to get your thoughts on this and bitcoin.

Rocinante

Now let’s see if they push it right back down to 113 K to clear up what we see down there on the liquidation map. I suppose we’ve got to bust out of this at some point, hopefully without a market maker going broke and causing the bear market.

Hafling with the Ring

The thing most people do not talk about when they talk about gold is buying and selling it is still expensive. It will cost you 2% more than spot or more when you buy it and you will get 98% back when you sell it. Then you have to store it safely which has a cost as well.

dean2012ad

The Gold price, a $25trillion asset increased 5% since launching the ($GOLD) token on Solana. Gold is now officially a meme coin! 😉

dean2012ad

Yes, part of my hesitation in buying physical gold. I am glad I bought BTC 2 years ago instead of gold.