The price of gold has ABSOLUTELY NOTHING to do with the "purchasing power of your hard earned dollars". ZERO.

Your "hard earned dollars", aka "fraudulent fedbux" have lost, and continue to lose their purchasing power because of the protected international bankers that run the Fed (and the government) who are still allowed to print said FedBux out of thin air.

Americans are so brainwashed they actually BELIEVE that "2% inflation" per year is a "good" and "normal" thing. Inflation, aka "legal theft" which is in truth, unlawful counterfeiting, is the ONE AND ONLY REASON your hard earned dollars have lost their purchasing power.

The price of gold has been manipulated for 80+ years now. Had it not been, the price of gold today would actually REFLECT all the fraudulent currency printing and would be worth well over $100,000 per ounce today. But the international banksters needed the gullible masses to believe in their fiat fedbux as "money" in order to steal away human energy as they have.

The price of gold has nothing to do with the price of anything else. Gold can go to $10K/$50K/$100K an ounce while a gallon of gas or milk or a dozen eggs remains $4.00 (all of which are also manipulated down to sustain the illusion). There's literally no correlation between any of these things precisely because of the international banksters (Federal Reserve) complete and total manipulation of the world of finance.

If we had enough sense to remember that a "dollar", as defined in the 1792 "Currency Act" was 371 grains of silver, and not a piece of green paper with a picture of George Washington on it, then the price of goods and services would all come back into balance. But not a moment sooner.

As long as we think a "dollar" is this green paper, the banksters can continue to dilute it's "value" into oblivion via "inflation", which means exactly what the word implies -> "inflating the amount of 'dollars' in circulation". Something the banksters could not do with silver or gold.

Net-Net - Gold could go to $5K/oz tomorrow and would have zero impact on the purchasing power of our "funny money". The Federal Reserve and US government continuing to run unchecked and unchallenged by we-the-people are the sole perpetrators of stealing away our wealth.