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Gold/Mining/Energy : The Great Gold and Silver Mining Rush of the 21st Century

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To: dara who wrote (9267)10/17/2025 10:30:00 AM
From: Valuepro  Read Replies (2) of 9402
 
To comment of GS's video this morning, I'm not sure his chart comparison for POG now to that of 1979/80 is as applicable as he might think. Back then - to January 1980 - China was not a factor in the market. For them, private ownership of gold was illegal, and their banks, at least domestically, did not trade in it. Nor was there a price-setting market in Shanghai, which is now a heavy influencer, though not part of the LBMA which sets prices in London and NYC.

Also back then, prices were driven by US inflation. Now they are driven by global debt, and changing attitudes regarding fiat money v. gold and other forms of "hard" money.

I am not saying, "This time it's different." And, I'm not suggesting I have any idea where the market goes from here. I am just sharing my persistent skepticism while closely watching for changes in mid-to-long-term trends given that I am not a short term trader in bullion or stocks.
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