gold, page-65911

Your chart stops in 2010. What happened to gold price when the profit takers come in?

If I’m using official numbers and their methodology, inflation measure had been tepid for a decade even with massive stimulus so purchasing value of fiat ccy weren’t exactly destroying consumer ability to buy. Purchasing gold has gone exponential in ccy other than the traditional safe ccys so that is where the speculative dollars went to besides the risk market. In fact risk and safe assets are all up with bear bond punters anticipating a bond collapse losing money yearly.

We need a new economic theory to make sense of all these contradictions and MMT seems to be addressing that. No idea just because it makes more sense is the gospel truth.