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re: Nov 9, 2020 gold was $1867/oz.....today it's $2400/oz. What's changed?
Posted on 4/16/24 at 9:54 pm to Bass Tiger
Posted on 4/16/24 at 9:54 pm to Bass Tiger
In 1970 it was $35
0
Posted on 4/16/24 at 10:18 pm to Bass Tiger
nm
This post was edited on 4/16/24 at 10:19 pm
Posted on 4/17/24 at 7:01 am to OzonaOkapi
what's changed? we are borrowing a trillion dollars every 100days now. even a simple person like me can see that that can't go on.
Posted on 4/17/24 at 7:29 am to Bass Tiger
In 1967 gold was $35 an ounce. Today it is $2400 an ounce. What changed? Did anyone mention value?
Posted on 4/17/24 at 7:51 am to Bass Tiger
quote:
What's changed?
This should help to explain...
Posted on 4/17/24 at 8:11 am to Bass Tiger
Being reported that several foreign governments have been buying gold.....
Posted on 4/18/24 at 5:04 am to Bass Tiger
quote:
Nov 9, 2020 gold was $1867/oz.....today it's $2400/oz. What's changed?
Another $6 trillion of US debt? 30% cumulative inflation over the past 2 years? Global instability? Bidenomics?
That is a 28% increase.
It is interesting to contrast it with the period from Nov 16, 2016 (1224.30) to April 17 2020 (1698.80) gold increased 38.25%.
While I think the pressure on gold prices are generally complex it would seem there were even more pressure from 11/16 to 4/20 than 11/20 to 4/24. This even holds true if you go back to pre-Chinese Covid lockdowns in mid-March.
Posted on 4/18/24 at 5:50 am to texas tortilla
quote:
what's changed? we are borrowing a trillion dollars every 100days now.
Yet people still think the economy is great because their investments are paying.
All thats happening is we are shifting the window upward at an incredible rate, constantly leaving people behind.
Posted on 4/18/24 at 7:35 am to Bass Tiger
How come silver isnt following is my question
This post was edited on 4/18/24 at 7:36 am
Posted on 4/18/24 at 7:38 am to Slevin7
Make you want to wish we nominated an electable GOP Pres candidate?
Posted on 4/18/24 at 7:40 am to Slevin7
Both are up about 26% in the last 6 months. But yes, there’s probably more growth potential in silver considering the historical ratio between the two, of 50:1, and the current ratio of 85:1
This post was edited on 4/18/24 at 7:46 am
Posted on 4/18/24 at 8:05 am to Bass Tiger
Have you paid attention to the prices of anything besides gold? Everything is up because the dollar is down.
This post was edited on 4/18/24 at 8:08 am
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