Comment on Gold hits $3,500 for first time as US dollar sinks to three-year low
OmegaMan@lemmings.world 6 days agoThat’s not really what it’s for, though. Putting cash reserves in gold can help your cash grow with inflation instead of suffer by it.
It’s all a way to keep your savings from suffering during high inflationary periods. So gold going up a lot means ppl believe a high inflationary periods is coming.