What Happened To The Price Of Gold After ETF Launch? (Lesson for HODLers)

The Gold ETF launched on Nov 18, 2004. The spot price of gold was $444.30/oz.

24 hours after the launch of the gold ETF... the price of gold was lower. ($443.70/oz)

24 days after the launch of the gold ETF... still lower. ($436.95/oz)

24 weeks after the launch of the gold ETF... even lower. ($430.50/oz)

24 months after the launch of the gold ETF... the spot price of gold was $624.00/oz.

For those of you wondering why the price of BTC is lower at the moment... 1) relax. 2) Zoom out.

Submitted January 14, 2024 at 09:54PM by DustCompetitive8092 https://bit.ly/4b9TT5d