Why hasn't the price of gold been going up?

submitted by trident765 from self.investing

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[–]fschmidt 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (0 children)

Because modern scum consider cryptos to be a preferable alternative to gold, so this competes with gold and drives its price down. This is why I am not buying precious metals.