USD chart vs what?
Right, so whoever bought gold in 1980 just to break even today would have to get 2200, but that is so called core inflation.
If you take the price increases of college tuition, health care, energy, cars over those years, gold would probably have to be at like 5K or even 8K right now. All I can say is that as long as there is paper currency gold will not do well long term. Every asset faces boom/bust cycle. Even if there is a new currency gold will get readjusted accordingly.
FA along with Ron Paul pounds going back to Gold Standard. Ok, so US goes back to gold standard. What do you think would happen the next day if the rest of the world was not on Gold Standard?
When investing always start with an assumption that the stock market is dead wrong.
