Gold prices usually rise as dollar values look suspect. But look at gold prices over the years. The price today is still close in purchasing power to what it was at the highs of the 1980’s. With simple compound interest, gold ought to be much higher.
And recent price weakness has shown how much of a common commodity it can be at times.
Most of the advertisement claims for buying gold sound good. What with inflation a certainty as a result of enormous budget deficits. Gold is an apparent inflation hedge.
You can be sure the political pressures on the Federal Reserve will make it hard for the Fed not to monetize the huge debt.
But there are better inflation hedges. ( See the Earl J Weinreb NewsHole® comments.)
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