Oct 18 • General discussion
Highlight of the Week: Gold Breaks Record Highs
This week, something big happened
Gold hit an all-time high of $4,360 per ounce, up a stunning 56% just this year.
It’s wild when you think about it. Gold has always been the “safe haven” people run to when things feel uncertain and right now, uncertainty is everywhere.
We’re seeing US–China trade tensions flare up again, and the US government shutdown earlier this month didn’t help confidence either. In times like these, holding cash feels risky. So investors shift to something that feels safer, gold.
Another key driver? Inflation and central bank demand. With ongoing money printing and global debt at record highs, many countries (especially China and Russia) are stacking gold reserves to move away from the US dollar. That surge in demand pushed prices even higher.
But here’s the interesting part.
When fear rises, gold rises. And when retail investors start lining up outside bullion stores (as we’ve seen in those viral videos), it usually signals we’re near the top. Classic FOMO behaviour people rushing in after the headlines, not before.
So what does this mean moving forward?
Historically, after gold hits its peak, some of that liquidity tends to flow into Bitcoin aka digital gold.
As more people lose faith in governments and fiat currencies, they start seeking assets that can’t be printed or manipulated.
This moment feels like the beginning of that rotation.
Gold just had its run. Bitcoin could be next.
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Highlight of the Week: Gold Breaks Record Highs
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