/biz/ - Business & Finance

>>54005383
>Gold is never going to soar. There’s no reason for it to.

It already has. Ever since the decoupling of gold to fiat, the more time goes on the more fiat is needed to buy the same weight of gold. In the UK for example, a sovereign coin is known as a pound coin, but today you need roughly 370 fiat pound coins to buy 1 sovereign pound coin. What's interesting this time compared to the past is that the rate of inflation is faster, as inflation always is due to acceleration stacking. You can see it in this graph how the pace is greater towards the end of the graph than it is at the start. There's only so many market tricks you can do before it implodes, as we have seen with all fiat currencies in the past.