What Happened To The Price Of Gold After ETF Launch? (Lesson for HODLers) (Reddit Bitcoin)

The Gold ETF launched on Nov 18, 2004. The spot price of gold was $444.30/oz.

24 hours after the launch of the gold ETF… the price of gold was lower. ($443.70/oz)

24 days after the launch of the gold ETF… still lower. ($436.95/oz)

24 weeks after the launch of the gold ETF… even lower. ($430.50/oz)

24 months after the launch of the gold ETF… the spot price of gold was $624.00/oz.

For those of you wondering why the price of BTC is lower at the moment… 1) relax. 2) Zoom out.