$SPDR Gold Shares(GLD.US)

The elusive arbitrage of value which has arguably withstood the test of time since eons ago -Gold. From the times of the ancient babylonians to the sands of Egypt and revered by majestic empires as the tools of trade, it remains relevant up to today.

Its value still holds especially now when distrust of the fiat economy grows. Bitcoin was invented to circumvent this but despite all the fanfare, it has still yet to prove itself.

Gold is still the de facto safe asset and one central banks accumulate to safeguard the country’s assets.

Technically, I believe Gold is closer to the end of its pullback than ever. I wonder what is the narrative when gold launches into the next rally.

@Captain's Treasure