Seeking Alpha/Ivan Martchev/10-2-2019
“The past year has been somewhat surreal in the gold market, as we have the rare occurrence of the U.S. dollar rising in somewhat slow fashion, while gold bullion has appreciated about $300 per ounce to trade near $1,500. Historically, a rising dollar and rising gold bullion haven’t gone together, but the distortions that have come with global QE policies are to blame for the breakdown in this inverse relationship.”
USAGOLD note: In the end, though, gold is the more perfect hedge because it is also a hedge against erosion in the value of the dollar.
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