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Created on: 6/4/2026 4:07:56 PM Last Update: 6/4/2026 4:25:20 PM Posted by: RTT
1 POST
Gold what is it good for?
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 What does gold do in a modern-day financial world?
The world runs on an "I owe you" (debt) with some collateral value behind it.
The collateral may be a business, house, a talent, or advantage (the right to tax) the borrower has.
But when all these collateral's fail, there is only one type of collateral that is the undisputed champion of them all, and this is gold.
When the world has faced an incredible financial crisis of debt, gold has been the savior.
Some examples:
Chart 1 - USA Dow Jones 1929 Financial crash on massive excess of debt was only reversed by gold.
Click for popup. Clear your browser cache if image is not showing.
Chart 2 - The Asian crisis of 1998, South Korea collapse was only reversed by gold.
Click for popup. Clear your browser cache if image is not showing.
Currently the gold price is rising as the world debt level increases.
Nothing has changed.
The world knows what it will need when collateral fails again.
NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
..“What beat me was not having the brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favored my play.”..
Jesse Livermore
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
.."Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
.."More money has been lost trying to avoid bear markets than during the bear market itself"...
Peter Lynch
.."Capitalism works better than it sounds, while socialism sounds better than it works"...
Richard Nixon
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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