Record highs for gold at $2,000: long-term chart

I wanted to share this chart to simply show a long-term historical view of where gold came from and where it is today. These charts are history lessons and they can teach us a lot about markets, society, and what a large group of traders and investors are thinking all at once.

Gold crossed $2,000 for the first time ever and you have to wonder if the precious metal is actually gaining value or if the Dollar is just losing value that fast. This is the question. One interesting observation is to view how gold is doing compared to all the other major currencies.

Is it hitting highs vs. the Euro?
Vs. the Yen?
Vs. the Pound?

The answer seems to be yes across the board. I have never owned gold, but I have always been fascinated by it because it has a large group of people who believe in its store of value. Watching gold rise here, in my opinion, is the result of the following:

- A store of value
- A hedge against inflation
- A hedge against the money printing
- A way to be long a precious metal that is used throughout society

That's all for now and thanks for reading.