Here is a really interesting view on Gold v's USD in relation to...

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stakx

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17/08/20

00:02

Post #: 46580036
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Originally posted by stakx ↑

US Printed More Money in One Month Than in Two Centuries

https://cointelegraph.com/news/us-printed-more-money-in-one-month-than-in-two-centuries

The Fed prints money (or actually creates it digitally) and then uses that money to buy bonds. On February 26, the size of the Federal Reserve’s balance sheet was $4.16 trillion. By June 10, this had jumped to $7.17 trillion. Hence, over a period of three-and-a-half months, the Fed printed and pumped $3 trillion into the economy. This money was pumped into the economy by buying bonds from financial institutions. The idea behind putting money into the economy was to drive down interest rates and hope that people and businesses borrow and spend more, and in the process revive the American economy.

https://www.livemint.com/industry/b...3-trillion-money-printing-11592322603528.html

https://www.cnbc.com/2020/08/12/are-second-1200-stimulus-checks-coming-heres-what-we-know.html

The Senate has gone on recess, so some analysts say the market may move sideways until there’s some resolution. Democrats have sought a $3 trillion spending package, and Republicans in the Senate offered a $1 trillion package. They could not reach a compromise, including on a $600 weekly payment to individuals on unemployment which expired July 31.

https://www.cnbc.com/2020/08/14/sto...kage-from-congress-but-that-could-change.html

If the US Senate passes the $3 Trillion package that would bump up the Federal Reserves balance sheet to $10 Trillion.
What is a US dollar worth at that point?
What will a commodity like gold be worth?
Why is Warren Buffet now buying gold stocks where he once saw them as a shiny trinket?

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Here is a really interesting view on Gold v's USD in relation to the US$7.17 Trillion on the FED balance sheet, which was $4.16 trillion on February 26. With another US$1 to $3 Trillion about to be forthcoming prior to US elections.

Watch this and see where you think the gold price will be heading.
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