This, right here, is your answer, courtesy currency creation by the Federal reserve.
Gold is not really up. The dollar is down.
I know it was last week. At this point the dollar index is less relevant. The central banks around the world are inflating everything.
It’s funny—salaries are not being inflated. So it you are “just making it” without saving it hard assets....you are in trouble. Or you will be by January.
Beat me too it! +10!
Semantic world:
Gold is not really up. The dollar is down.
So if the dollar is down, something else must be up.
So GOLD is not up compared to the EURO? or the Yen?
Real world:
Gold is up partially because the dollar is down.
and about 5 other things, all of which are real.
Facts.. gold is up...silver is up more. silver is going to 30 and possibly 40. Bank on it. I am.
This, right here, is your answer, courtesy currency creation by the Federal reserve.
You "get it." Gold prices only reflect the purchasing power of the dollar. People are also scared and are rushing to "hard assets" like precious metals, real estate etc. that hold value. Chaos ahead if the radical Dems have their way.