the problem with gold valuations is that they are valued against the single USD currency. USD is becoming an unstable currency. The only form of payment used for the transfer of gold should be done using a device I call the equal imparadox (EIM). Essentially this is a mechanism by which gold is valued against the average of the top 20 economies based on GDP than divide it by 100 than multiple it based on supply & demand. For instance if 100t/pa = 0.1 multiplication factor 500t/pa = 0.5. Therefore if the USD goes down 10% than it has no influence on gold price. The gold price is influenced by the average of the top performing economies and the the true value comes by supply. This means each country pays a fair market value. As of now gold is more a FOREX play than an actual commodity play. To unearth the core value of gold it needs to be valued away from currency, and priced on its own mechanics, after all that is why people buy gold, it’s to play safe on economic uncertainty and that cannot be fulfilled whilst it is 100% attached to a currency connected to a very big printer.
