RE:RE:RE:Biden gives a speech
The why's as to why its any different now as to where gold is headed being any different than it has been the last 10 years or so, is simply explained by the difference in national debt from where it was and to where it is now and where its going from here.
Government spending monetized by the FED is where real inflation comes from.
This has added to the national debt over time as government has spent more and more keeping interest rates down, wrecking the financial system by not allowing for timely corrections to weed out the dead weight in the economy.
Now the national debt (US) has balloned to nearly $31 trillion dollars with much more to come.
How does the government service the debt outsripped by the GDP ratio without adding on more debt and spending the FED needs to monetize to keep the bubble economy from imploding as the debt itself has become a vortex feeding on itself spiralling into debt ad infinitum.
The debt ad infinitum has become inflation ad infinitum as its now too big to service without creating more debt to service it without defaulting on treasury commitments and others .
Therein lies the difference today going forward than when the debt to gdp ratio was still manageable and inflation hadn't yet become as rampant as it is now.
Lesser inflation has sudued the POG as an inflation hedge over the past decade, but that will change when the Fed can no longer convince a decieved investor public they can get inflation in check, in fact, when it becomes all too obviuos they will not get inflation in check.
The times coming when massive government spending and Fed monetization with a spiralling upwards deficit - cannot lower interest rates without investor confidence in the dollar declining in value and with it ultimately crashing.
Either way, in fact anyway you cut it, with this massive debt vortex growing ever larger, rising inflation, higher sustained interest rates and a devaluing dollar , all that wasn't there before all this debt, has now changed the economic game plan into the near future.
It has already begun.
Soon it will all gather that head of steam combined into next year and beyond as the masses pile into safe haven gold as never before.