Loading ...I think all the other commodities are far easier to over produce when the high price incentive is there. Gold is more a global currency than a commodity.
I think is too hard to over produce. High physical price incentive probably only nets more recycling, or selling of already owned coins to fill demand. I think Gold is really way too cheap at $12-1300. This could be a repeat of 2001 and $250 Gold, with the $1160 low same as the $250 low.
Gold still looks like a long term uptrend to me. The run to $1900 was not supposed to happen so soon. Way above the 17% APY line. TPTB may have engineered or been responsible. A stunt to bring in physical for needed deliveries. For themselves? For Germany? Who knows? They can print and pay high. Paper cost for them doesn’t matter.