Think of a 2 cent postage stamp in 1933 with Gold at 35 Federal Reserve notes per ounce. Now you would pay a dollar per stamp for the same service.
35 * 50 = 1750.
So, Gold will move up in the direction of 1750, though I would not be surprised if we would see 1300 dollars per ounce again. Goto tradingview and check several commodities in time, especially compare 2004 -2008 to today ...
And besides, as long as it is cheap .... buy and HODL.
Nah .... It has been moving up and down.
There is a reason for 1750.
Think of a 2 cent postage stamp in 1933 with Gold at 35 Federal Reserve notes per ounce. Now you would pay a dollar per stamp for the same service.
35 * 50 = 1750.
So, Gold will move up in the direction of 1750, though I would not be surprised if we would see 1300 dollars per ounce again. Goto tradingview and check several commodities in time, especially compare 2004 -2008 to today ...
And besides, as long as it is cheap .... buy and HODL.