Why The Price of Gold Doesn't Matter or It's A Bird, It's A Plane, It's, It's...SUPERLUMP!!
No, it's a commodity, it's a currency, it's a hedge, it's a wacko wingnut thing. What?
Unlike mining stocks, gold is not an investment. Gold is money. It is a store of wealth.
The gold price simply doesn't matter. Gold's value as measured in a fiat currency is arbitrary.
The real statistic worth measuring is purchasing power.
Here's all you really need to know-