Gold should not be doing this "well." The fact that people (or perhaps central banks) are still buying it at $4000/ozt does not bode well for the world, for the US, or for you and me.
Faith in the dollar is going down worldwide. I'm not a financial advisor by any stretch of the imagination, but no one should have their money in cash or cash equivalents right now; assets valued in terms of USD will rise as the USD collapses. But, we shouldn't be happy about any of this, even the S&P 500 setting very questionable records.
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