When you inflation-adjust both the price of gold and the S&P 500 all the way back to the Nixon Shock, you see that largely gold has remained relatively benign in price gains.
Now, China is shifting its assets away from the US dollar and US Treasury market and diversifying into other assets such as gold. This is part of the reason for the big moves upward in gold.
Here is a breakdown of gold price moves and how the shiny metal moved to this point.
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