Illusion of Prosperity: Gold vs. Copper
Keep in mind that the price of gold was fixed for four decades. You can see the effect in the chart. Look for that straight line from the 1930s to the 1970s. You can also see the effect in the next chart. You can also clearly see the bubble that formed in … I think copper is very overvalued. If so, then gold could/should drop in sympathy if copper crashes (again). Much to the dismay of gold bugs, when copper crashed in 2008 gold did too. It just didn’t crash as hard. …
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