OTCPK:KRCLF - Post by User
Comment by
Farquaron Sep 19, 2022 9:32am
122 Views
Post# 34970905
RE:RE:Has gold now become disconnected from inflation?
RE:RE:Has gold now become disconnected from inflation?NineLives wrote: Why would anyone think Gold is an inflation hedge ??
Gold was delinked from the USD 50 years ago so 50 years is not really a suitable time frame to tell if Gold follows inflation trends.
A strong USD will sink Gold, always has.
Wait for weakness in the USD before buying Gold.
But this lower POG shouldn't effect miners too much. $1,670 Gold is still very profitable for many.
Basel III will have more of a positive impact on the POG than inflation
Price of gold in 1971 = 40$ US.................................. Price of gold in 2022= 1665$ US..............................So if you had one ounce of gold in your drawer in 1971 , you could turn it in for 40 US dollars....If that one ounce is still in your drawer, you could exchange it for 1665 US dollars... .Yes, you are correct...gold is a bad inflation hedge...Where do these morons come from?