Gold and Oil have had a close correlation since 1965. High oil prices recently causing all types of inflationary pressures (eg Food production). This should be pushing Gold up higher as it did in 1980 (after Iran revolution caused spike in Oil)... If not, then is Gold no longer an indicator of inflation? Or is Gold no longer the base currency in worldwide economy? Sureley it just has to go up from here...
Any other thoughts on the future of Gold spot as an inflation indicator?
Gold and Oil have had a close correlation since 1965. High oil...
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