Gold Surges to Record High Amid Dollar Strength

Gold and the US dollar are not always inversely correlated, with recent movements showing them moving in the same direction. The price of gold historically reflects faith in central banks, which is currently waning due to concerns about the Fed's control and increasing US treasury issuance. Additionally, fiscal madness in the US and potential financial crises in Europe are contributing to the rise in both the dollar and gold. Millennials are rushing to buy gold bars, reflecting a lack of faith in the political system's ability to address mounting debt and deficits.