04-06-2020, 09:20 AM
Also sold GLD out of my wife's account today for a 3% gain, and rolled the proceeds into 12/31/20 GLD 150 Puts. Russians have huge gold reserves, and Saudis are sitting on over 300 tons (near all-time highs for them).
I suspect some GLD gets converted into dollars on a large scale in the near-term. Inflationary pressure will eventually reach the commodity, but that doesn't happen until UUP starts going down.
I suspect some GLD gets converted into dollars on a large scale in the near-term. Inflationary pressure will eventually reach the commodity, but that doesn't happen until UUP starts going down.