Just a fun chart, but it's possible...
Please explain the speculated 'sale' after 2013 ~$7,000. Thanks.
I'm glad you pointed that out. 2012-2014 is the same price change from 1979-1981, which was a period when Paul Volker lifted interest rates to as high as 18% to fight inflation. Now picture us today where we can't even lift rates to 1% or even 50 basis points without the entire global financial system collapsing. Things are going to change once bonds/CDS start defaulting that will force pension and institutional money into gold. With US pension fund reserves totaling 13 trillion dollars—just 1% investment in gold is 300 billion worth. World pension fund reserves is estimated at 30 trillion... Do the math.
Perhaps that chart is understated.