GOV'T AND GOLDStraite: I agree with everything you are saying. Here is something I would like to add.
Yes gold has increased ( so to speak) all of those years. Gold hasn't changed. The reality is that it takes more US dollars to buy the same 1 ounce of gold, therefore the US Dollar has lost its buying power against gold.
The difference these days is the total US Debt. Total Federal Debt ( on the books ) is rising so fast and with Dementia Joe Biden now as President there is no end to his socialistic policy. Debt is going crazy with absolutely no way to pay it off. Everyday in the USA 10,000 people turn 65 and are promised their social security. Gold should be going crazy. It's not because people see how hard it is to take a position (LONG) because it always gets hammered down.
If gold rises it tells the world that the US Dollar is in trouble because gold is priced in US Dollars. The US Gov't wants to hang onto its World Reserve Currency at any price. Gold dropped $20.00 bucks today in less than 1 minute. No one can sell that many contracts that fast except the US Gov't and they do it all the time. They lie about Inflation, well hell they lie about everything.
I've always said that you can only push on a spring so long before it explodes. When it explodes I just don't know. Maybe the Chinese and Russians will take it to the US and start buying everything they sell and more and continue to drive the price of gold up on the COMEX - the fake paper price of gold.
Cryptos are hurting gold as well however not as much as people think. Inflation is coming home to roost BIG TIME and once we hit hyper inflation which I believe is within the next 9 months then gold will move and the US Gov't will pick their next point to keep the price under - Maybe $2,400.00.