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Matthew Piepenburg: Who wins gold's race against the dollar?
By Matthew Piepenburg
Von Greyerz / Gold Switzerland, Zurich
Monday, June 15, 2026
Gold. It began the year with galvanic headlines and endless coverage.
Now, midway through that same year, having lost more than 25% from its January high of $5,600, many are wondering if peak gold is behind us in the wake of just another broken asset bubble.
Such concerns are understandable, even expected -- especially during a shakeout.
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Between 1971 and 1980, for example, when gold climbed from $35 to $850, many who loved it in 1980 had been shaken out in 1975 when gold’s paper price plummeted midway through an historical bull run.
As for those defending gold, especially from the desks of precious metal enterprises, they can often seem like apologists at best or salesmen at worst.
This too is understandable. This too is expected. ...
... For the remainder of the commentary:
https://vongreyerz.gold/golds-race-against-the-dollar-who-wins
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