应该学学经济了.

Let's list the reasons why 1980 gold bubble bursted:

1) Little national debts

2) Real interest rate positive

3) All money in circulation were backed by gold and more in terms prices

So what it today's situition:

1) National debts to GDP 1:1 and growing fast

2) Real interest rate has been negative and will be for the forseeable future

3) only a small fraction of money in circulation is backed by gold

So Will FED dare to raise the interest rate? Answer, if they do, then they immediately bankrupt the nation because debt payments will skyrocket.

That is not to mention real interest rate will completely pop the real estate bubble that is artificially floated with low interest rate.

So any one use above chart only sees the gold price high in devalued USD. Get real.

LOL