From Resource Investor
Rick Rule on the Curious Case of Gold
''On another subject, our old friend Rick Rule explains why gold did
not go up, even as the Fed undertook the most ambitious program of money
printing in history:''
''Part of the retrenchment is a natural and normal backing and
filling, if you will, in a resource market. We had a whole range of
commodity prices that did extremely well in the last decade. Gold price,
as an example, increased $260 per ounce at the beginning of the decade
to almost $1,800 per ounce at the end of the decade, and that’s only an
indicative of the most outrageous of the moves.''
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