Once again I find a little bit of peace in the yearly chart which tunes out the hysterical day to day noise. There are horns blowing, leaders yelling 'CHARGE!' while others whimper 'retreat'. The vast and pliable herd whipsaws this way (inflation hysterics of just this past summer) and that (deflation hysterics currently in progress) and sometimes we forget how long certain things take to play out. Time... what a concept.
In our little corner we will stick to the 'gold may decline in a deflation impulse but will do so much less than stuff that is positively correlated to economies and human hopes for prosperity' line.
Yes, I know there is a typo on the chart and I am not pleased about it but I am also too lazy to go do it again.
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