a world's reserve currency when we went off the gold standard but today now the likes of bloomberg joe wiesenthal is declaring gold bug macro is dead i'm officially calling it gold bugs have had enough time to make their case they failed it's over he does cheat a bit here because he shows the 10 year chart of gold and so obviously the gold bull market started back in 2003 when gordon brown sold half of britain's gold supply at the all time like 5000 year low so he's starting from like 2011 when the price was very high as you know the chart looks like from that 2011 high of 1900 of around 1800 fell and then went back up so in that time he's saying here's a chart of gold over the last 10 years it's up about 10 percent during this period we've run large deficits the entire time and in fact over the last year some of the biggest fiscal stimulus of all time during this time the size of the fed's balance sheet roast in the oven 8 trillion dollars from under 3 trillion not on. they have gold performed poorly the dollar is still dominant right well that's only in dollar terms joe is over bloomberg it's a