Odaily Planet Daily News Cathie Wood, a well-known investor, posted on the X platform that the possibility of gold prices falling is high. Today’s intraday session saw gold’s market capitalization as a percentage of the U.S. money supply (M2) reaching an all-time high, surpassing its peak in 1980, when inflation and interest rates rose to around 15%.
Additionally, she stated, "While parabolic rises tend to push asset prices to heights that most investors don’t expect, such staggering spikes typically occur at the end of a cycle. We believe that today’s bubble is not in the field of artificial intelligence, but in the field of gold. A stronger dollar could burst this bubble like it did in 1980-2000, when gold prices fell by more than 60%. ”
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