It pains me to say but Im not sure gold is as accurate as dollars, more business is conducted in usd. Also I heard a good argument on a kitco vid that when gold is used for payment in trade, it depresses the spot price at that time . When its lent out by banks to gain liquidity it does the same I think. Its got more work to do is my take from the chart
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It pains me to say but Im not sure gold is as accurate as dollars, more business is conducted in usd. Also I heard a good argument on a kitco vid that when gold is used for payment in trade, it depresses the spot price at that time . When its lent out by banks to gain liquidity it does the same I think. Its got more work to do is my take from the chart