Graph from Monetary Metals
The new step down in the dollar is causing much excitement with the Gold bugs who persist in viewing the graph upside-down. Good news – at last!
The graph above is the right way up and shows what is really happening. It is so obvious that it should not still need to be stated, but it does.
It is not the fictitious ‘price of Gold’ going up; it is the very real price of the dollar collapsing.
And this is the US$, the king of currencies, the one from which all others derive.
Pray that this is not ‘IT’. I don’t think that it is, yet, but that is, nevertheless, a graph that should send shudders through society as a harbinger of things to come.