Loading ...Did you see that gold chart? Most things regarding the cost of living, like house prices, postage stamp, property taxes etc in my area went up in a steady climb of 7.5% per year.
The lack of understanding from the gold promoters is mind boggling. So if you think gold has been manipulated lower because inflation has gone up while gold hasn’t could you kindly explain why gold dropped for 20 years from 1980 to 2001. Most certainly there was inflation during that time but gold didn’t go up? Why not? It’s very easy to show how little understanding you have of how the markets work and anyone listening to you is most assuredly going to lose their shirts.
No one has enough money to change the long term trends. Gold will bottom only when it is ready and not one day before. And with the number of vocal gold bugs still around we still have to move lower. Only when the last gold bug has thrown in the towel is when the bottom will be finally in.