There is no real bull run in gold. If you believe there is,…

There is no real bull run in gold.
If you believe there is, you do not understand what is happening. Gold is not suddenly becoming magical. What we are seeing is a change in the value of money.
The unit of account is failing. Purchasing power is being drained. People think prices are rising; the deeper truth is that what their money can buy is diminishing.
Written by S. Tominaga