Gold is a long game played by Empires over decades.
2 charts: LHS 1oz avg gold price since 1970 sub USD$100 to USD$1900; versus RHS inflation USD$1 now worth USD$7.
Obviously 1oz gold has outperformed versus inflation over that period.
There's no solution to the sovereign debt calculus that doesn't have gold & inflation as main variables.
hardrock
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