If and when the US loses it’s status as the worlds reserve currency, and all of a sudden a loaf of bread costs $25 or $50 dollars, and so on, guess what the price of gold will be.
When gold breaches $3,000 or so, watch how much gold comes out of the ground.
I was around when we went completely off the gold standard and “experts” were saying there was a “scarcity of gold”. It was amazing to see how much surfaced when it passed the $200 mark.
I thought it was cool on the gold miners’ part that they started working the lower grade veins, keeping the richer ones in reserve for when gold fell.