The Ultimate Driver of the Gold Price
California gold nugget
What pundits and economists both fail to consider is that our current situation may be an historical precedent. We may be in totally “uncharted waters” where comparisons to previous downturns are meaningless for analytical prognostications.
For this reason, we may need more common sense analysis vis a vis issues relating the functions of gold and the USD. Westerners may prefer the USD as a safe haven, but the Asians could care less, and as a group, they will be the ultimate driver of the gold price.
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