rms 14.5 cents fair value, page-59

John

Only rising money supply increases the gold price because gold is used as an inflation hedge against a devalued dollar.

The threat of the US winding back its stimulus spooked the market. Although I don't think the current US stimulus is big enough to have the same effect on the gold price.

Low interest rates have nothing to do with the gold price.
In 1987 when their was inflation problems and the gold price crashed interest rates were at all time lows and it didn't keep the gold price high.

The difference now, the stimulus needed to save the world was probably around $30 trillion.

The gold price is way too high to be used as any sort of investment protection or inflation hedge. It has basically become high risk investment.

In my opinion gold is behaving exactly like a textbook analysis.

Feral fringe analyst jump on board and are right because gold behaves exactly the way it should.

The messianism is sickening as investors are milked and lose money.