Gold surged above $2,100 in Asian markets today.
Gold price broke out from historical resistance to hit a record high above $2,100 on Monday.
This marks a change in the market expectation of inflation and the USD.
🔸 Expect a more inflationary outcome.
🔸 Expect a weaker USD.Full Terms of Use & Disclaimers:… pic.twitter.com/A4CG0Uqu9K
— Eden Huang (@edenhuangdotcom) December 4, 2023
It actually hit a high of around $2,140 before retracing back a bit. Gold is floating around $2,060 as I write this. The massive surge in price was hugely significant however.
Bitcoin hit $42,000.
JUST IN: #Bitcoin $42,000 pic.twitter.com/ZdeOpVvE97
— CoinGecko (@coingecko) December 4, 2023
These are troubling signs for the US Dollar. People are losing faith in it and are flocking to alternative assets.
It is easy to see why this is happening. The American empire is crumbling. It is collapsing economically, culturally, socially, politically and militarily. It is just one awful mess.
