While it never seems to be obvious or linear, I sometimes think there must be some significance to the price of gold, with respect to the world economy. When the most recent financial crisis hit in 2008, gold was selling for between 800 and 1000. Three years later it peaked at 1900. Since then it has generally fallen back down to the 1000+ range, but in the last two months it has risen pretty steadily to around 1250.
What I take this to mean is that, somewhere, a noticeable number of people are worried enough about their (local or national, probably) economy to buy gold instead of, and possibly by selling, stocks or bonds. I have heard some even scholarly predictions that we may be headed for another severe recession; I have also heard of support from biblical scripture for a depression-level loss of stock values this year (don’t ask me, some swami or other has made some scriptural connection to current events, apparently).
So far I have not tried to interpret fluctuations in the price of gold to mean anything, and I expect to continue that policy. If nothing else, it seems to be reactive rather than predictive. But it lingers at the back of my mind.
Does anyone share my interest in this?