Gold price vs. 40% backing of the dollar

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pmbug

pmbug

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Found this on another forum:

Picture1.jpg
 
That's a great chart.

I guess one might be able to correlate miners vs metal performance and find out that the undervaluation of gold caused the bear market in miners since 2011. :rimshot:
 
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This is perhaps why governments world over have been buying gold at record levels since 2012 till recently.
 
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