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Gold

Here is one of those charts courtesy of JP Morgan that look interesting but which I never really understand the value of.

Whilst history is interesting I am uncertain as to the relevance to traders of inflation adjusted charts since I dont know anyone who is interested in holding gold for 40 years. Unless you are a Federal Reserve who is secretly hoarding it.

We have been long gold since the break from 1600 and inflation has never entered my head.

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