gold on the cusp of a break, page-9

It's not just a recession David25, it's a worldwide currency crisis. It's a flight to anything of tangible value.

Gold is the ultimate store of value, history proves this to be true.

And just so you know:

Gold was fixed in price from 1955 to 1968 (therefore flat for 15yrs)

America went off the gold standard in 1971, the US$ transferred to a pseudo oil standard. Gold became extremely volatile as the world adjusted to free floating currencies unbacked by anything for the first time in history. hence (there was a spike then a recession in 1970s then gold fell. Then a spike followed by a 40% decline, in 1975.)

In 1979 the world once again decides it wants gold instead of dollars (Gold rises $100 from 1977 to $700 in 1980)

The only way this flight is arrested is by raising interest rates to 21%, bombing the gold price by coordinated selling by central banks around the world and the flexing military muscle. ( crashes $300 in 1982 in the recession.)

Gold is the norm, what we are in now is the anomaly.

I think you need to educate your broker.