RE:RE:RE:RE:RE:RE:RE:We really need that 43-101fordster wrote: POG doesn't really matter...does it. When you realize a new official source of wealth, SP will still increase. It would be damned nice to see POG kick in though.
Thanks to Biden, the already enormous national debt will continue to rise...and thus also the interest burden of the USA. This will force the central bank to keep nominal interest rates at a low level. however, inflationary pressure will continue to increase and will soon be reflected in inflation rates. As a result, real interest rates will fall or remain in negative territory. As the negative correlation between gold and real interest rates is high, the gold price is likely to rise again in the future.