How do you figure that gold is overpriced? To match the 1980 peak (after inflation, of course), it would have to be over $2000. And the overall economic situation now is MUCH worse than it was then!
Remember, gold is the only money that is always acceptable, no matter what disasters are unfolding. That’s why central banks have held onto so much of it, even while telling us it is a “barbarous relic”.
