First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/10/12/cultural-affinity-for-gold-in-china-could-fuel-rising-prices-globally-002845
<p><img src='https://www.moneymetals.com/uploads/content/cultural-affinity-for-gold-in-china-could-fuel-rising-prices-globally-social.jpg'/></p>But let&#039;s be fair to gold; it is up over 13% in the last year, 54% in the past five years, and 407% over the past 20 years. It’s natural for investors to view the value of gold through the lens of its price in fiat money, especially the Federal Reserve note. Perhaps a more useful way is to examine how commodities are priced in gold. Oil has not risen for over 50 years when priced in gold.