Guest Post by Jesse
“Gold has worked down from Alexander’s time… When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory.”
Bernard Baruch
Gold has moved in price from $250 in the year 2000 to $1,350 today.
And given the structure of global supply and demand it is likely to go much higher, unless it becomes a fixed asset in a global monetary system once again and its price becomes set by fiat. More likely it will be a floating asset.
Don’t buy any, don’t like it. Laugh at the rest of the world who is buying it. It doesn’t matter.
The flaws in this paper are obvious. A very broad sweep of data over time without sufficient attention to the character and elements of the contexts of the various situations described within can easily be misleading, or be used to ‘prove’ something.
Most assets will smooth out over a long period of time, unless they are artificial constructs,like stock indices which are altered by throwing losers out and putting winners in to achieve a semblance of growth.