from Schiff Gold
Last month, gold broke its all-time record price. As we have explained, to really understand what’s going on, you need to flip the equation. Dollars are at an all-time record low compared to gold. Simply put, the recent surge in gold prices is all about currency debasement.
We were on this path long before coronavirus reared its ugly head. After all, this gold bull market started back in 2015. But the government response to the pandemic put the process in hyperdrive. In March, the Federal Reserve embarked on a policy of money printing to infinity and beyond. And there is no end in sight. The Fed is apparently even willing to turn the other way the inevitable result of printing money – price inflation – begins to become apparent in the economy.