In the one of my previous prediction I've mentioned that gold will fall before it will rise. Here I am now, more specific.
I think that these charts correspond what would gold looks like in 2 scenarious:
1. High Inflation, Printer goes brrrr In that moment, when someone will be choosing from high inflation or save world economy they will alway choose B.
2. Moderate inflation longer time It always takes time
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Exactly in these situations we see relative strength of gold.
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Many indicators getting extended
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Plese write in comments how do you evaluate fair price of gold.
with current compounded inflation, 1600$ POG would be like buying a starbuck coffee at 1$.
p4belko
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@doumon it is very crazy price but it is not impossible. The price of gold (mostly in short period of time) is too reliant to dollar and this can make heavy sell off.