Yes 0z3000 but gold is going up because the value of gold itself is increasing.
Its going up because the value of money has decreased because of money printing over the past decade.
For every credit card that is issued you have increased the money supply, for every mortage that is taken out you have increased the money supply, for every other loan you take out you have increased the money supply.
For the past 10 years you have seen an explosion in credit which is creation of money or money printing.
That is why Gold has increased in price so much because your money is worth less.
If they actually let deflation occur you will end up getting a decrease in the gold price eventually, but as long as they adopt the current policies gold will just keep going higher.
Nothing to do with bulls or bears.
Gold this high and higher means the fundamentals are terrible.
