GOLD 0.51% $1,391.7 gold futures

Gold is a long game played by Empires over decades.2 charts: LHS...

  1. 430 Posts.
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    Gold is a long game played by Empires over decades.
    2 charts: LHS 1oz avg gold price since 1970 sub USD$100 to USD$1900; versus RHS inflation USD$1 now worth USD$7.
    https://hotcopper.com.au/data/attachments/3265/3265188-edb078f249fc7c0a70e3ae427cbe644c.jpghttps://hotcopper.com.au/data/attachments/3265/3265205-e8bfa04c4784e3b3ade5b225b5ba27c6.jpg

    Obviously 1oz gold has outperformed versus inflation over that period.
    There's no solution to the sovereign debt calculus that doesn't have gold & inflation as main variables.

    hardrock
 
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