Not likely for some years I think. We are getting rampant inflation now, like we had in the 1970's, and like we had in the 2000's. In times of inflation gold goes up, food goes up, housing costs go up and currency value goes down down down. Just draw a straight line from peak to peak for an idea where gold is heading.
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In the 1980's shares and bonds represented underlying assets that were actually worth something. Companies were profitable, the government was stable and revenues were increasing. Fast forward to the year 2021 and most companies are hollow shells, government a fiscal time-bomb. In short paper assets are hugely overinflated in value and that is good news for gold, which is the antithesis of paper.