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S&P 500 Futures - Jun 24

CME
Currency in USD
Disclaimer
5,053.75
-13.25(-0.26%)
Delayed Data

S&P 500 Futures Discussions

when this crashes gold will be limit up you will not be able to buy it.  bitcoin will be free.
What about Bitcoin Gold? Checkmate, fatalist.
And in any sort of true panic liquidation that had zero logic, we're not that far from March 2020 where correlations all went to 1 and gold was liquidated alongside everything else. If bonds sell off alongside equity, risk parity melts which just nukes the entire market. That's a many trillion dollar industry that one must short everything to get out of the way from since it signifies deleveraging across the entire system. I guess if equities massively liquidate and everyone buys treasuries, gold could run, but the market would have to be a special kind of stupid for that to play out. Would be a very strange cocktail of events needed from the monetary action side.
1929 was a special case for gold. The dollar was backed by it. That's precisely why FDR banned the purchase and ownership of gold, and why banning gold ended the endless deflationary spiral the very month he enacted that ban. Nowadays gold correlates with the market simply because it's a commodity like any other.
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