and this is another key chart - gold value vs US monetary base
US debt has always been a key driver of gold price with a twist - size of debt itself isnt the driver of any gold price shifts - serviceability is. though youll note early 80s Reagan tax cut and deficit spending was a key to driving gold price ratio higher even after peak oil was fading
http://www.macrotrends.net/2485/gold-to-monetary-base-ratio
RSG weekly chart, page-276
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