Gold at a new all-time high, over $2,500 per ounce. That says very little about gold and everything about the dollar. It means the dollar is at an all-time low when a non-debt metric is used. Cross-rates tell you nothing intrinsic. Gold tells you everything you need to know. pic.twitter.com/uhcVNmkfhb

— Jim Rickards (@JamesGRickards) August 2, 2024