As Gold Touches $4,000, Entrepreneur Calls It ‘Sign Of Profound Loss Of Confidence In Existing Order'

Spot gold is up 53% this year after a 27% gain in 2024. (Photo source: Pixabay) Show Quick Read Summary is AI Generated. Newsroom Reviewed

 HouseTrip co-founder Arnaud Bertrand, on Tuesday, warned that the sharp rise in gold prices is a rare and big warning sign. According to the entrepreneur, the trend is an indication that people are losing trust in the money system and the political order.

“I was studying other times in history when gold prices more than doubled in the reserve currency of the time, as they did in the past year: it's rare and almost always a sign of a profound loss of confidence in the existing monetary and political order, going all the way back to the Roman empire (the so-called 'Crisis of the Third Century'),” he said in a post on X.

Bertrand’s comments cam