“Gold, Tesla and the Making of Purple Rain” likely explores themes around the investment trends in gold and Tesla stocks around 2017, along with a metaphorical take on “purple rain.”
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Ritholtz’s reads: Gold, Tesla and the making of “Purple Rain” https://t.co/A838pzSmWZ pic.twitter.com/7AH0hDujcy
— Bloomberg View (@BV) July 26, 2017
Gold, Tesla and the Making of ‘Purple Rain’ | Neal Bhai Reports | Gold Silver Reports
Gold Investment in 2017
Gold demand experienced some fluctuations in 2017. There was a rally in the last quarter with gold demand increasing 6% year-on-year, but the full year still saw a 7% decline overall due to lower investment-related demand. India and China led a recovery in jewelry demand, and technology demand for gold grew for the first time since 2010 due to increased use in smartphones and vehicles. Central banks’ gold reserves purchases were down compared to 2016, and retail investment in bars and coins dropped, particularly in the US.gold+2
Tesla in 2017
Tesla stock had a strong performance in 2017, closing the year with a 44.9% gain. The stock price ended around $20.76 in December 2017, reflecting significant growth during the year, marking Tesla as a significant name in the electric vehicle and clean energy sectors.
“Purple Rain” as a Metaphor
“Purple Rain,” originally a song by Prince, is often interpreted metaphorically rather than literally. The rain represents a place of peace, comfort, or cleansing of the soul, where problems can be washed away. The color purple suggests luxury, mysticism, and royalty, making the metaphor positive and hopeful. It can also be seen as a spiritual or emotional salvation, linked in many interpretations to love, faith, and renewal.
The narrative of gold and Tesla as investment vehicles in 2017 with the deeper metaphorical meaning of “purple rain,” using it perhaps as a symbol of transformation, hope, or change in the financial and cultural context. Gold showed resilience and challenges amid changing demand trends, Tesla exhibited robust growth, and “purple rain” embodied an aspirational or transformative theme.
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