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Message
re: CPI numbers still hot inflation
Posted on 4/10/24 at 8:46 am to CleverUserName
Posted on 4/10/24 at 8:46 am to CleverUserName
quote:
You know what gold futures were in July 2020? 1,810.
You know what gold futures were in October 2023? 1,840.
Why did you cherry pick 2 dates?
1
Posted on 4/10/24 at 9:58 am to SlowFlowPro
quote:
I had to post a chart to educate y'all on how gold is a commodity and fluctuates wildly.
quote:
Why did you cherry pick 2 dates?
Oh for crying out loud. Look at the actual amounts across the board. You are acting like it’s bitcoin or something.
I notice in your graphics presentations… you didn’t link the US dollar Index to supplement your “it’s wildly fluctuating!!1!1!2!2!” Point.
To a degree. The US dollar and gold are substitutes. Why? They are both used as hedges AND reserves. Now why would that be so if it was so unstable??
This post was edited on 4/10/24 at 10:12 am
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