🚨How gold prices rise📈 in big 10-year "bull" cycles. $XAU $XAG $XPT
It says the current cycle from 2016 to 2026 has already gone up 427% to about $5,600 per ounce.
This looks a lot like past cycles, and a chart shows it might be close to peaking soon.Here's the history in simple terms from 1970 to 1980, Gold jumped 2,403% from $35 to $850 an ounce, mainly because of high inflation.
From 2001 to 2011 It rose 655% from $256 to $1,921, due to worries after the dot com bubble burst and other economic issues.
These cycles often end when things like the US Federal Reserve raises interest rates, and investors move money from gold to stocks.What's different now?
Cryptocurrencies like Bitcoin are more grown up, with over $1 trillion in total value and easy to buy funds (ETFs).
Some replies say money might shift to stocks and Bitcoin (which can rise or fall faster than gold).
But central banks are still buying tons of gold (like 1,037 tons in 2022), which could keep prices high because of huge global debts.
