Im back looking at gold after a 12 month stay away.
For my 2 oz worth , the only indicator that you can depend on with gold is real inflation.
current inflation measured in 1980 formulae (US) is 10%, 1990 6% , 2020 2%.
the FED cant let interest rates go up far as it will kill big debt holders (everyone).
So they wont be able to fully control inflation as theyll have to keep on printing.
(too much money chasing too few goods (covid unwind)... commodity prices etc.
So gold is going up probably big time, i think perfect storm. Heard that before eh!
of course exactly when will this unfold is the question.
imo of course
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