Interesting Statistic on the USD and POG Implications Since the beginning of the pandemic, the U.S. dollar has steadily declined due to the printing of the dollar to stimulate the economy and qualitative easing to keep the economy afloat.
The startling statistic is that over 25% of all dollars in circulation were printed since March 2020
The U.S. government has deemed these steps necessary to help U.S citizens stay afloat due to the economic shutdown. However, this has ultimately been detrimental to the power of the U.S. dollar, especially in relation to its purchasing power. Things become more expensive due to inflation, and each dollar you own becomes worth less.
That augurs very well for the price of gold.