Perhaps the VALUE of the gold has increased over the value of the dollars.
You could have exactly the same amount of gold and dollars, and if the price of gold increased, its value might become greater than the value of the dollars. The amount of gold wouldn’t have to change.
Good point. And it bears mention that gold on the books of central bank and national treasuries does not earn interest.
All the world’s currencies are declining , together. Critical thinking shows Gold is not rising, but paper currencies are crashing....anything and everything priced in paper ( dollars) is skyrocketing.
In 2001, it took 275 US paper dollars to buy an ounce of Gold- Gold hasn’t changed for 5,000 years- today with the devaluing USD, it takes 4,770 US paper dollars to buy an ounce of Gold.
Most can not wrap their head around this: Goods and services priced in Gold ( and Silver) has never been cheaper! I will let you figure out what economists ( and now the world’s biggest money: Central Banks) have known for centuries.