Is it possible for the price of gold to hit record highs later this year? The answer is yes. And it has nothing to do with whether gold is a "store of value" but with stock market volatility this time. As we all know, gold has been a reliable investment since ancient times, especially during large volatility in the stock market.Michael A. Gayed, a well-known Wall Street analyst, pointed out in a tweet on August 18th that "if I'm right about the credit event, gold will indeed hit new highs. Looking back at the first 20 drawdowns in the S&P 500 since 1961, gold did act as an imperfect hedge, considered as a safe-haven trade."The main fundamentals affecting gold prices in the short to medium term are real yields and the U.S. dollar. In the past two years, real yields have been holding gol

4 issues that Michael Burry and Warren Buffett seeing that we aren’t1. China’s economic meltdown:Traders worry that weakness in the world’s second largest economy could affect the global outlook. China’s consumer spending, factory production and investment in fixed assets all slowed further in July from a year ago.2. Russia and Ukraine’s impact on inflation:Heightened geopolitical tensions threaten to raise food and oil prices across the globe. Russia’s invasion of Ukraine continues to stoke fears of increased commodity prices, global economic instability and uncertainty around security.3. US economy is slowing down:US economy is still showing signs of a slowdown. Shoppers have tightened their purse strings in the face of higher prices and borrowing costs, focusing on paying for necessitie