Gold is a "life-ring" to grasp in order to diminish the effects of wild swings in the value of currency.
The recent rise in gold prices is an indicator of, but not to be used as an accurate measure of, the results found in a look forward at the anticipated value of currency.
When gold is sharply up, that means that currency is expected to be worth less. When gold is sharply down, that means that currency is expected to be worth more.
When gold is sharply up, that means that currency is expected to be worth less. When gold is sharply down, that means that currency is expected to be worth more.
I think gold reached its pinnacle and then amalgams were invented to create new teeth. That was the beginning of the end.