Quote:
Originally Posted by Paul T
Gold and Silver at least have uses besides speculation….they are on a tear because the dollar is tanking.
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Indeed. The dollar was also tanking in the late 70s after the oil embargo when gold went from $200/oz to $900/oz in a short period. Then the dollar stabilized and gold went down to $400/oz and stayed flat for 30 years. This is the nature of currency speculation.
Will the dollar stabilize again or fade from existence? Nobody really knows.