Yes, I remember it well. I’m older than dirt. lol
Amateur economists and conspiracy theorists like to relate the price of gold to our sovereign currency status, but there is no longer a link between them and they are driving the market completely independent of any such correlation. The faster they artificially inflate the market the more evidence they have (in their minds) of the impending failure of the dollar and our economy, so the more they drive the market. Gold is a good business to be in if you can also become accepted by this crowd as an “authority”.