Avanza is one of the largest banks in Sweden, and in their monthly blogg, they’re noticing a big movement where Swedes are selling their American funds and shares, to buy Swedish/European instead.
Avanza is one of the largest banks in Sweden, and in their monthly blogg, they’re noticing a big movement where Swedes are selling their American funds and shares, to buy Swedish/European instead.
The second biggest purchasing was noble metals, which must have hurt with the big drop during the latest week.
The drop was artificial to help cover short positions.
how?
https://www.financemagnates.com/trending/why-gold-is-falling-with-silver-and-why-ron-paul-predicts-a-20k-price/
Mmm Ron Paul is not a reliable source for anything whatsoever
He’s a reliable source for the goldbugs point of view.
The drop was large, but insignificant compared to the runup.
Yeah, Gold price in EUR right now is well above the all-time-peak from 2 weeks ago.
Thanks, I didn’t know it increased that rapidly. However, I still think some people was buying gold after they saw that it increased a lot and they could have lost money.
I recently switched up all of my investments to shift entirely out of the US dollar. As part of that I put a good chunk into gold just a couple weeks before the “crash”, so I was in that group. It didn’t concern me though. I went in with eyes wide open that commodities take some wild swings.
It’s gold and silver, they are precious metals, therefore they are always gonna go up even with occasional dips. As someone mentioned, the price drop that happened was manipulated for insider traders, who bet on the price drop, to make sure they make money. I just bought more shares on investing in gold and silver.
Seems like the prices are increasing again so it was a good call to buy more.