Gold is the place to be, or so they say.
Yes, I’ve heard the well-stated arguments and they all come right from Economics 101. It’s simple, really.
If the world is awash in liquidity, it will ultimately be inflationary and then hyper-inflationary with too much money chasing too few goods (the traditional but inaccurate definition of inflation.)
Therefore, fiat currency will lose its purchasing power while precious metals retain their purchasing power, a straightforward argument perhaps?
The other side of the debate involves a technical analysis perspective.
In 2011, gold made a parabolic move from...