Loading ...Gold is the pituitary gland of financial system. If it keeps going down, it will drag all other prices down. From ’69-’79 it kept climbing, and if they didn’t stop it, everything else would keep climbing.
From ’80 to 2001 it kept falling and dragged all commodity prices down so low they had to put tariffs on steel and lumber, until they lowered that a’hole dollar to get prices higher. Inadequate general wage scale also dragging things down.
Chart showing gov’t loss of control of Copper price after 2004-5. Haywire?
http://www.mrci.com/pdf/hg.pdf
Dollar chart showing lower highs after ’86 at 125, but was higher earlier around 130-140.
http://www.mrci.com/pdf/dx.pdf
High prices bring on supply. Low prices bring on shortages. Stable prices cause stability. Un-manipulated values of the Unit Of Account are supposed to set prices.