And it would have continued its escalation into the stratosphere had interest rates not spiked and killed the run. Folks don't seem to understand that gold is a store of value not a modern day investment.
It's also better known as the official monetary accounting measure. If it spikes it's because there's damn good reason but this time around the Fed doesn't have a rate hike to lean on.
Not with each half tick increase costing the U.S. a half trillion dollars
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