I remember the 1970s, in 1971 the US govt stopped redeeming U.S. Dollars coming from Europe for gold at $34/oz bc it was trading for $140. Everybody and their uncle in the US were buying gold and silver. Stocks Bonds and Real estate were FLAT to lower from 1968 to 1982.

(gold went to $800 from $140 in ’75, (’75 when they allowed us to own it) Silver went from $1 to $50 at its peak around ’82) Because the Fed raised rates 3% to 21% from ’68 to ’82 to kill AU and AG and protect the Dollar. But also killed stocks bonds and real estate.

Eventually the high rates KILLED or evaporated all that money that was invested in gold and silver. A whole bunch of money supply was evaporated into this air. (this way they can continue printing again) James Dines in ’82 recommended selling all AU AG related assets and put everybody into typical stocks with the Dow on 796 in June ’82. AU and AG eventually bottomed out in 2001 after 9/11 at $250/oz.

So, in my view, since 2001, numerous new places were created to absorb excess money supply, to keep it away from Gold. You know, all the ETFs etc etc and then Bitcoin. (probably created by a global CIA) I suspect, eventually when things get crazy high, the Fed will raise the rates, and wipe out all that excess money supply again, then lower rates to re-increase the money supply.