On the topic of gold....something that hasn't been talked about to my knowledge is the ratio of the gold price to that of other commodities....in particular, I'm looking at Platinum and Rhodium
When gold went over $1,000, I believe Rhodium was at or near $10,000....that's about 10 to 1
When gold went over $1,000, I believe Platinum was around $2,300.....that's about 2.3 to 1
Now we have gold at about $750 and platinum only about $30 higher and Rhodium only about $240 higher.....
What would it mean if gold becomes higher priced than those two?
Gold relative to all other commodities is holding it's own....virtually every other commodity is in free fall.....that's because gold is not only a commodity, it is a currency....soon to be the currency of choice
All in my opinion