The price of gold is not about gold.
Attempts to analyze and value gold are superfluous. Gold’s value – its use as money – has already been established. That value is constant and unquestioned.
The price of gold does not tell us anything about gold or its value. The gold price tells us only how much purchasing power the U.S. dollar has lost – nothing else.
About the author
Analyst, Author, and Owner of Kelsey's Gold Facts
Kelsey Williams has more than forty years experience in the financial services industry, including fourteen years as a full-service financial planner. His website, Kelsey's Gold Facts, contains self-authored articles written for the purpose of educating and informing others about gold within a historical context. In addition to gold, he writes about inflation and the Federal Reserve.
Kelsey is the author of two books: INFLATION, WHAT IT IS, WHAT IT ISN'T, AND WHO'S RESPONSIBLE FOR IT and ALL HAIL THE FED!
Kelsey Williams is available for private consultations, public speaking, and interviews at kwilliams@kelseywilliamsgold.com
