I think the cost of everything one day will revert to substitution cost. The cost of extracting GOLD is USD 1000 or something like that. So I am not a perma bull in GOLD. However almost everything in the world is getting higher, real estate, bitcoins, stocks, old car's, paitings, schools , the cost of a coffee , haircut etc... etc.. I see GOLD going up in the future with everything else.
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