Thanks Sam, but what do you think about the last part of my quote? You are in the camp of higher interest rates = lower gold but this does not hold during the two periods of recent very strong gold bull markets.
"Wasn't the entire global economy roaring ahead between 2001 and 2008 and weren't interest rates much higher over that same period than they are likely to be over the next 5 years (just look at how low the long bond rates are over 5-30 years)? Didn't the POG move from $256 up to $1000 over that same period of extraordinary global economic growth and higher interest rates? Didn't the same thing happen during the 1970-80 gold bull run (strong growth and record high interest rates)?"
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Thanks Sam, but what do you think about the last part of my...
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