GOLD 0.51% $1,391.7 gold futures

Wow - dire times indeed, i managed to get some physical but that...

  1. 200 Posts.
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    Wow - dire times indeed, i managed to get some physical but that was 2 weeks ago and I had to settle for a different mint 'brand' to get order fulfilled. The basic economic concept about unlimited money seeking a finite supply of goods has never been more relevant in these unprecented times. I also watched that Dr Doom video (Roubini) - good but perhaps a bit too much of a theoretical approach to be able to gain much in terms of how to position yourself given the problems he outlines.

    Try these guys who seem to have some stock where others are no longer taking orders

    https://www.melbournegoldcompany.com.au/ - or - https://www.goldbullionaustralia.com.au/

    In regard to gold's ability to back currencies or the global financial system, there was an interesting comment by Simon Mikhailovich on that idea that in the TTMYGH panel that i posted - his point in response was that of course there is enough gold, at it depends on the price. IE. you could argue there are not enough Picassos in the world (or Lamborghini Muria) at the price of $100,000 - which is why they are priced significantly higher - of course cheaper substitutes exist for both, but the point holds to some degree.

    https://www.incrementum.li/en/journal/panel-discussion-on-gold-in-the-financial-crisis/

    Alasdair Macleod's latest interview is here, I find him much more 'approachable' and practical in terms of his ability to explain and interpret complex issues at play.


 
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