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I thought it depends on Skolley Ballooneys 12 property. The...

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20/08/20

15:08

Post #: 46692165
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Originally posted by Skol: ↑

The gold price depends on:

Major factors:

1. Realised inflation
2. Real interest rates
3. Speculative premium/discount. And no one knows what that is. If buying stops, the price crashes because it doesn't have a P/E.

Minor factors:

1. Central banks, wars, bad news.
2. Demand for jewellery and 'stackin', which at the moment in India and China is imploding.
3. Mine supply - and there's plenty of that, the annual mined tonnage increases every year.

So I would guess that gold, and probably silver are very overpriced given that it's at a 9 year high.

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I thought it depends on Skolley Ballooneys 12 property. The whole world depends on it.
1 Upvote

0 Great analysis

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