What changed
I HONESTLY DON'T KNOW. IT'S IMPOSSIBLE TO PREDICT WHERE THE PRICE OF GOLD (OR ANY OTHER ASSET) WILL BE TOMORROW, THE DAY AFTER, OR NEXT WEEK.
WHAT I DO KNOW IS THAT GOLD OFFERS PROTECTION AGAINST MARKET CIRCUMSTANCES THAT TRADITIONAL INVESTMENT PORTFOLIOS, CONSISTING OF EQUITIES AND BONDS, DO NOT.
IF YOU BELIEVE INFLATION RISKS HAVE INCREASED AND THAT STRUCTURALLY HIGHER INFLATION IS A MORE LIKELY OUTCOME, OWNING SOME GOLD MAKES SENSE.
IF YOU BELIEVE THAT CENTRAL BANKS MUS