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33,126 Posts.

1404

12/06/22

17:50

Post #: 61966040
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Originally posted by irickychong: ↑

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Your math's is way off lol...

U.S holds approx 8,1355.5 Tons of Gold which is 285,719,091.792 Ounces. x by $1,872.20 is $534.92 billion dollars. This is what we know, they could be hoarding several thousand ton's more that it's not disclosed about.

Apple's MC is $2.22 Trillion. Which is "4.15x" more than the Gold Reserves. The U.S tries suppress Gold price because when it's high people will loose confidence in the Dollar. You don't want people flocking to Gold do you ?

I bet you 99% of people are more willing to spend $3000 on Apple products and later looses it's value of "x' years due to Technology deterioration than 1 ounce of Gold, what are people going to do with Gold ?

Most people aren't educated about precious metals and it's uses hence why there isn't a massive demand. PM's investor's are a very small niche of people. Most don't even know what a Troy Ounce or Approx price of Gold -/+ 20%.

Go out there in the public and offer a free 1oz American Eagle coin or a 1 Block Chocolate Cadbury bar, guess which one they will take... Most people wouldn't even know what to do with a Sovereign coin...

Gold is a Asset and accepted widely anywhere in the World.

Companies come and go... GOLD will be here forever.

If every one demanded 2 ounce of Gold per person around the World there wouldn't be enough to go around...

Here is a example of Gold/JPY

Expand

Let's go back to 1900 to see how gold performs vs stocks.

Stick with gold bars..if you like poverty.

Stocks including re-invested dividends, up 8,680,132%
S+P 500 +66,914%
Dow Jones + 49,354%
Gold +8,825%
Silver +3,549%
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0 Great analysis

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