> Obviously it is an option; it just happened with gold.
It's not an option in case of an inflation mechanism. If it was inflation, it wouldn't drop like this. That's the signature of speculation which is something totally different.
> Price was $15,000/kg in US dollars and is now cruising pretty easily above $40,000/kg US. You can sigh and pretend not to see it all you like but you are still ignoring pretty clear evidence of about 8% nominal growth/6% real growth in a shiny rock.
There is no gap on the graph, nor there is a 8% annual growth. But as you keep ignoring the shape of the curve and keep acting as if it didn't exist, I'm uninterested in pushing this discussion forward.
So what are you calling the price rise? An 8% annual drop?
How do you get from $15,000 to $40,000 without annualised growth? I'm intrigued.
EDIT Just pointing out, the averaging I'm doing its reducing the relative inflationary impact of QE on asset prices because I'm including a lot of time to today where there was no QE.
> How do you get from $15,000 to $40,000 without annualised growth? I'm intrigued.
With a 25% annual increase while no QE was running (2005-2008), a 75% annual increase with QE(2009-2012), a 0% increase with no-QE (2012) followed by a 30% drop when QE3 was launched! (sept 2012), then a little decline during the whole QE3 and which continued after QE3 was stopped (Q4 2014) until 2016, then again some fluctuation in an upward trend.
If you see a temporal correlation between QE and the price of gold, I can do nothing for you as you are blinded by your ideological convictions.
It's not an option in case of an inflation mechanism. If it was inflation, it wouldn't drop like this. That's the signature of speculation which is something totally different.
> Price was $15,000/kg in US dollars and is now cruising pretty easily above $40,000/kg US. You can sigh and pretend not to see it all you like but you are still ignoring pretty clear evidence of about 8% nominal growth/6% real growth in a shiny rock.
There is no gap on the graph, nor there is a 8% annual growth. But as you keep ignoring the shape of the curve and keep acting as if it didn't exist, I'm uninterested in pushing this discussion forward.