RE:What history said...if you consider it?Yep (Mustlovedog) traded it up but broke even when it plummeted again back to $300-$400. Now the interesting part of that story is the rumour back in the 80's was the Swiss national bank clobbered the price of gold when it reached $800 plus. And where did the selling coming from when Gold recently hit $2,000 - yes you guessed it.
The Swiss National bank so secretive and live in a world of their own. No checks or balances on them.
You're correct it's not so much
interest rates that dictates POG, but more with what's happening on the global stage.