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Skol

33,126 Posts.

1403

30/03/17

12:40

Post #: 23737773
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Originally posted by JFI ↑

Skol you're missing what is implied with an increasing Gold price. Its not that gold is worth any more or less. Its a constant and permanent source of value. It happens to be priced in US$ and other currencies but really its price is actually just a reflection of the worth of the US$ et al. Rickards and co. are not incorrect in there suppositions about where the price of gold is going. The value of gold will remain constant but the price will go up as the currencies gold is measured in degrade. Rickards and co. have the big picture correct only the timing of when the US$ et al will degrade in relation to gold so in their currency terms gold will be priced higher. Gold stays the same constantly.

So when I talk about gold price increasing I could easily talk about the faith and confidence of the US$ eroding. Gold 'going to moon' as you suggest means US$ et al going to the bottom of the toilet that's all.

JFI

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You mean gold's a great bet? I beg to disagree, it's a schiff investment, the stock market has absolutely creamed gold since 1885. 1885 to 2014 gold went up about 75 times, the DJIA went up about 550 times.

I rest my case.
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0 Great analysis

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