Fair post.
Looking far enough into the future, I guess anything is possible. Including a $6,000, $10,000 or even $100,000 gold price. But the conditions needed to support these prices (e.g., massive stagflation) don't currently exist.
Confidence in USD / bonds seems as strong as ever (see the USD rise in recent weeks as investors seek safe haven from Omi) and the CPI rate is extremely tame by the standards of other historical fiat crises (e.g., Weimar Republic / Zimbabwe / TRY etc)
Fair post.Looking far enough into the future, I guess anything...
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$1.51 |
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