RE:RE:RE:$$$$$$ is dyingI agree the market is rigged, by London and Comex setting gold price, but controlling with paper gold (derivative). Nonetheless, the price moves higher over time, although it is often a patience game, and patience is not a number.
* For example, since gold was allowed to float in 1973: it began the 70s pegged at $35, then made it's way to $200 in 1975.
* By late '76, it had slid back to $100. Then, by 1980 it climbed to ~$900.
* By mid '82, it was back to $300.
* That was followed by about 14 years of up & down swings of about $300 each way.
* That culminated in a final move starting in 1996, when it began a slide from ~$400 all the way to around $250 in late 1999.
This was when many "experts" began to refer to gold as a "barbarous relic", and central banks (e.g. Bank of England, and Canada) began to dump their gold.
* That was the bottom, and by 2008, it exceeded $1000 for the first time.
* The "Great Recession" prompted a quick, but temporary fall back to sub $700 by late 2008.
* That was very temporary, and over the next 3 years, it shot up to over $1900.
The fall, base reset, and beginning climb during this recent years is well known, and the game is reset, imo.
1970~1979:
https://sdbullion.com/media/wysiwyg/gold-prices-yearly/Gold_price_by_year_1970_1971_1972_1973_1974_1975_1976_1977_1978_1979_SD_Bullion_SDBullion.com.png