thats a very short term horizontake a look at a long term chart,...

thats a very short term horizon
take a look at a long term chart, Gold is in a bull market

fundamentally, when currencies are debased, their purchasing power diminishes, its basic economics, hard assets, real stuff maintain their value, debasement just make them cost more in the particular ccy

Gold would have made you a LOT of money had you bought several years ago