But hasn’t worldwide inflation been relatively tame during most of the recent gold run-up? It does seem that gold tends to follow oil (for whatever reason,) save for the past few months. Worldwide demand for gold, measured in mass, is about 83-84% of 2005 levels.
Gold has risen because interest rates had been going down and liquidity had been increasing throughout the world for the last few years.
Isn’t that tantamount to saying that gold has bubbled up?
