One of the reason why retail are buying gold .... currency depreciation
Asian currencies are caught in a "depreciation storm", and Asian countries have stepped in to rescue foreign exchange亚洲货币陷“贬值风暴” 亚洲各国纷纷下场救汇 | 八点最热报 19/05/2024
https://m.youtube.com/watch?v=dJsRNhuwJOQVietnam has launched a "rush to buy gold"! It approaches 120,000 every two degrees.
The government's efforts to cool down the temperature are useless. People spend all their savings to grab gold "to put it at home and feel safe"
越南掀"搶買黃金潮"! 每兩一度逼近12萬 政府出手降溫也沒用 民眾掏光積蓄搶黃金"放在家安心"│記者 姚懷真│【國際大現場】20240513│三立新聞台
https://m.youtube.com/watch?v=hnKfv2ph5jo