#goldhitnewabove5500 The real story with gold is not that it dropped 9% yesterday. That’s noise. The actual story is far more uncomfortable and far more important.
Gold is down 99.987%.
XAUUSDT
Perp
4,882.42
-0.54%
That sounds absurd at first, until you frame it correctly.
If humanity had stopped mining gold in the year 500 AD if gold supply had truly been fixed the price of one ounce of gold today would not be a few thousand dollars.
It would be north of $40,000,000 per ounce. Not because demand would be wildly different, but because supply would be fundamentally constrained.
Instead, gold i