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<p>[QUOTE=&quot;ToughCOINS, post: 25986238, member: 20480&quot;]Gold multiplied 28 times in 9 years from $30 in 1971 to $870 in 1980.</p><p><br /></p><p>After stagnating during the strengthening of the 80&#039;s &amp; 90&#039;s American economy, it&#039;s true that gold rose seven-fold from $270 in 2001 to $1900 in 2011.</p><p><br /></p><p>Gold corrected a lot between 2011 and 2015 before resuming its current 2.5 times rise from $1050 in 2016 to $2600 present day.</p><p><br /></p><p>Despite the brief 4 year respite, this has been quite a run-up.</p><p><br /></p><p>I think this sustained climb can be attributed to two separate trends . . .</p><ol> <li>A fair number of central banks have accumulated much more gold than they previously held.&nbsp; While they haven&#039;t stopped altogether, they do appear to be slowing.&nbsp; <br /> </li> <li>In tandem with the actions of central banks, popular distrust of governments and fiat currencies seems to be on the rise, and physical currency held seems to be giving way to both gold and crypto-currencies.</li> </ol><p>I have no doubt that this trend, and when it reverses is far more dependent on the level of fiscal responsibility governments demonstrate than it is upon the apparent multiple it reaches, or how long it rises for.[/QUOTE]</p><p><br /></p>

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