There's something else happening here. Some investors are not confident
with what gold is backed by, or if it's backed by anything at all, as
compared to something like the US dollar. Investors are comfortable that
the U.S. dollar is backed by the America government, so no matter what
is happening to the American economy, something like the U.S. dollar is
backed by the Federal Reserve that's going to be around a year from now.
That's a much more comfortable investment for them.
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