Loading ...I remember 1970-1980 gold kept going up, $140-$800. If they didn’t stop it, everything would go up. Remember gold 1980 to 2001? $800 down to $250, and everything else went down with it.
Heating oil .42 cents, Copper .46 cents, Silver $4 I think, steel was so cheap that scrap steel we threw in the dumpster. Bush got in and put a tariff on steel and lumber. To get a higher price.
After that, they LOWERED the dollar for higher prices. 2001 to 2012-14? Gold was climbing 17% APY for 12 years. Up to $1900 was it? As the dollar was driven down to 72. $4.40 at the pump remember??
The people running things globally are going to have a lot of problems because globalization failing and causing all the populism and protectionism. Global “growth” probably peaked and going backwards, unwinding this mess is bigger that unwinding the feds B/S balance sheet.
No tree grows to the sky, and neither does a man made global economy. The whole system may have excess production capacity, and everything will get cheaper. Why do you think they keep military spending up?
Metals production may be similar to WW II times. Tanks aircraft ammo etc etc. Imaging a reversal in the dollar? A $1000 new Chevy? $1/hr average wage? A house $5000?