Gold Tops 4K For The First Time & The Reason Is Really Dumb

…the reason is Donald Trump.

An ounce of gold is now worth $4,000 in the biggest rally since the 1970s. Back in April, gold got a boost from uncertainty over Trump’s tariffs, but that’s old news; today’s rally comes courtesy of DJ Trump’s government shutdown.

Gold is the go-to stable currency, a safe haven commodity, a warm hug of an asset, because, as the old saying goes, ‘bitches always be wanting gold’. Often when currencies and politics become a lil scary, investors turn to gold instead.

Now, with all the political upheaval recently, there’s a big chance that, unlike real gold, which sinks in water, the price of gold might keep rising. If, however, the shutdown ends quickly, the gold price could plummet, much like real gold in water.

Gold is more stable, but it does still go up and down. Just this year, for example, when Trump backed off firing J-to-the-P-to-the-Powell, gold dropped 6%, like a balloon made of gold. And in 2022, gold dropped from $2,000 to $1,600 when COVID-inflation-curbing-interest-rates went up.

Rule of thumb: things are good, gold is down; things are bad, gold is up.

Good Old Gold

Gold has long been popular amongst money people not only because it’s shiny but also because, unlike other currencies, it’s real.

Metal buffs will tell you that gold is one of the most golden-colored metals ever discovered. When first discovered, gold prospectors saw gold as rare because they hadn’t found much of it yet.

Since then, however, much more gold has been discovered, mostly in the ground. Gold owners across the world have attempted to make gold more valuable by naming expensive things like memberships and casinos after the metal.

Only now has this investment finally paid off, making fictional characters such as Goldfinger and Scrooge McDuck overnight millionaires worth millions, if not billions.

So get on down to Costco and buy yourself some gold!

(This article is sponsored by: Gold.)