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Where do gold and silver prices go from here?

Summary:
[unable to retrieve full-text content]One way to look at the price of gold, is that it dropped from its high around ,900 in early June. Another way is to zoom out, and look at the big picture. Here is a 10-year chart of gold and silver prices. For over four years, after the peak around ,900 ten years ago (early September 2011), the price of gold moved down. By December 2015, it was just over ,000. Then it was a sideways market until three years ago (August 2018), when the price was well under ,200. It spent two years rapidly rising, to well over ,000 a year ago (August 2020). Since then, it has been down and sideways to its current level under ,800. The silver price has had a greater fall, and did not begin to rise until later (it was under until the onset of the Covid

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[unable to retrieve full-text content]
One way to look at the price of gold, is that it dropped from its high around $1,900 in early June. Another way is to zoom out, and look at the big picture. Here is a 10-year chart of gold and silver prices. For over four years, after the peak around $1,900 ten years ago (early September 2011), the price of gold moved down. By December 2015, it was just over $1,000. Then it was a sideways market until three years ago (August 2018), when the price was well under $1,200. It spent two years rapidly rising, to well over $2,000 a year ago (August 2020). Since then, it has been down and sideways to its current level under $1,800. The silver price has had a greater fall, and did not begin to rise until later (it was under $12 until the onset of the Covid lockdown). Its rise may have begun later,
Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals. He created DiamondWare, a technology company that he sold to Nortel Networks in 2008. He writes about money, credit and gold. In March 2015 he moved his column from Forbes to SNBCHF.com

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