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    • Fri Nov 14th 16:18 PM
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      Gold Tests Its Reversal Level: Third Time's the Charm
      You hit them right between the eyes with that comment.

      The dollar/gold correlation is not historically proven nor is Gold proven to be an inflationary hedge.

      Hell, prior to gold's release from the Gold Standard, it was limited to $35 an oz., this is a 1970's phenom. Gold never had a chance to find its true value relative to the dollar or any other currency in a stable environment.

      Meanwhile, the dollar replaced the Pound as the Reserve currency while Gold's price was still fixed. Prior to 1934, Gold's price was fixed at $20.67, in 1934 it went to $35 and 41 years later it rose for no other reason than the removal of the price fixing mechanism.

      That it skyrocketed in a time of rising inflation doesn't mean it was forecasting inflation.

      It has been a currency for thousands of years. It was priced by various countries at various prices. Roman Gold was almost pure, to finance their wars they started putting less gold in their coins, did they have inflation because of it? I don't know. It devalued their currency but since the size of the Empire increased, and the go