[Lee'sGhost]

So why isn’t gold on the rise?

[SaxxonWoods]

People have been asking that question for decades. Adjusted for inflation Gold hit its last high in the mid-80’s.

[fhayek]

Gold has been trending down. Bitcoin trending up. (Bitcoin did have a blip this week). For some reason, Bitcoin is the new flight to safety. I mean, I have nothing philosophically against Bitcoin, but, it is nothing (in my view) but pure speculation. Gold will be around long after all of us are gone.

[wardamneagle]

So why isn’t gold on the rise?

**********

Waiting for the BRICS currency to be invoked ?

[TexasGator]

“So why isn’t gold on the rise?”

Interest rates make it expensive to hold gold.

[Bubba_Leroy]

Because gold is not a fixed commodity. More gold is continually mined and sold. When the supply increases faster than demand the price goes down. When supply increases slower than demand the price goes up.

Also, it is worth noting that two of the three biggest gold producing countries in the world are China and Russia. Together they produce over 20% of the world’s supply.