Normal
When you consider how gold is valued and coveted, the state of the economy, rate of inflation, and you look at that chart, $5,000 doesn't seem at all unlikely.Then if you notice that's a log scale not an arithmetic scale, $5,000 seems unrealistic and using the log scale almost seems to have been deceptive, and was certainly used deliberately to make it seem gold's recent rally was less extreme than it really was.Hard to say what will actually happen, I expect the run to continue well above $3,100 but how far it can go is uncertain.Log scales over that sort of time period need to be interpreted carefully. They make recent increases look tiny and very old increases look proportionately huge.
When you consider how gold is valued and coveted, the state of the economy, rate of inflation, and you look at that chart, $5,000 doesn't seem at all unlikely.
Then if you notice that's a log scale not an arithmetic scale, $5,000 seems unrealistic and using the log scale almost seems to have been deceptive, and was certainly used deliberately to make it seem gold's recent rally was less extreme than it really was.
Hard to say what will actually happen, I expect the run to continue well above $3,100 but how far it can go is uncertain.
Log scales over that sort of time period need to be interpreted carefully. They make recent increases look tiny and very old increases look proportionately huge.
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