if gold is considered mainly as a hedge against inflation, the recent rapid rise can only signal super/hyper inflation coming.

a look at the all commodities say almost all metals and minerals are rising in price.

the only notable exception is steel. add the low crude prices, it only means a slowing global economy with high inflation, i.e. stagflation.

gold price rise is also accelerated by unsettling trade wars, hot wars and numerous other armed conflicts ongoing or being concocted.

then there is the monstrous debt bubbles brewing in USA, Japan, France & UK.

if and when one of them burst, a chain reaction will set off global financial destruction bigger than in 2008 or covid.

sadly, the outcome may have already been determined.