>>60912928
PMG'ers aren't used to a market that actually moves, it's actually normal for an asset to increase in value.
Look at that 6 year period of no growth, the US dollar inflated 15% during that time period minimum, but the growth was never realized for some reason.
I don't know really, but it's likely the supply deficit has something to do with it. There isn't enough being mined, and a way to fix that is to raise the price so new mines become profitable. Problem is that due to inflation those new mines aren't profitable, so the price has to raise more so new mines become profitable.
Gold? Gold was way undervalued at 1,200 is my guess. Trust in fiat currency is dropping, so big movers started buying gold, so it went up. I'm thinking that peak gold hoarding isn't even close to here yet and held inventory could double or triple for pretty much all governments and banks around the world.