Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

The war drums are beating on the gold forum again....it's a...

First 103448 Last

Share
Profile

Follow
Skol

33,126 Posts.

1403

09/12/21

07:47

Post #: 58176178
Share

Originally posted by 23skidoo: ↑

Cash will depreciate 6-10% p.a. depending on how you calculate loss of value of cash due to money expansion (inflation)
You have to bet that gold will suffer at least the same % price drop before cash looks better than gold (or silver)
I personally think the macro political end economic situation favours gold.
Potential for wars-Taiwan & Ukraine
Contagion from Evergrande dismantling. Foreign bond holders on the hook.
Omicron
Potential sovereign defaults eg Venezuela, Lebanon- which ones are next, Turkey?
Forget about interest rates being restored. it can't happen, so its cash under the bed or in a stock market which is rolling over.
Gold looks hell of a lot safer to me.

Expand

The war drums are beating on the gold forum again....it's a regular psychic vision.

But never happens, and if there was a war the last thing you'll need is a chunk of gold, you'll need some of those 'worthless USD's'.

Last edited by Skol: 09/12/21
1 Upvote

0 Great analysis

Reply

Top Stories

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

As Nvidia cools, we're looking to Aussie AI

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CBA breaks trading record on strong day for Aussie financials

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

There are more pages in this discussion • 25,416 more messages in this thread...

First 103448 Last

Add GOLD (COMEX) to my watchlist