[Errant]

Very interesting chart. I'm reminded of when the Islamist countries also purchased massive amounts of gold in the past, only to have their investment incur massive losses.

However, this was before QE and the Derivatives Market.

[cotton1706]

Hope they’re right. I just bought another $500 worth according to my plan. Got some low prices and will get the payoff if it goes up. Hope it does.

[BobinIL]

The bottom of the ocean is littered with ships and they all had charts.

[Logical me]

Gold price goes up, cost of living goes up. Damn near a wash but probably better than interest in any banking institution. What is really the problem is the economy has tanked, only a question when it crashes.

[Sam Gamgee]

Something is wrong when oil prices keep rising but gold doesn’t follow.

[mjp]

This is about as bullish as it gets because the basic laws of supply and demand stipulate that whenever supply is reduced but demand remains constant or accelerates, higher prices result.

And, when aggregate demand increases because of the inflationary increase in the money supply, that also tends to cause a rise in prices including the price of gold.