Right now about 29.
Looking at the numbers I may be missing something but the while they're interesting I can't see any point there.
Posted on 03/14/2016 5:27:18 AM PDT by Citizen Zed
There have been thousands of predictions, saying that gold is about to take off, that it will reach astronomical levels, etc, etc. Believe at your own risk.
The fact is that it goes up, and it goes down, in relation to the dollar. Sometimes it’s up, sometimes it’s down.
If everything lowers to a level that corresponds to those low oil prices, won't that lead to world-wide economic meltdown?
Dream until your dreams come TRUE TRUE TRUE TRUE!!
Kudlow has a spotty record on commodities. That said all the traditional linkages in the market are broken or only loosely connected. Fundamental change caused be the QE programs.
They need to also mention derivatives. Like trillions of them.
Granted I’m no professional but gold prices seemed way out of whack compared to the value of the dollar
Kudlow would say the sky is clear and blue during a hurricane.
How many barrels of oil does it take to equal the value of one ounce of gold?
The markets for gold and silver are corrupted. There are zillions of paper ounces of each for sale on the market but there are only so many actual real physical ounces in the real world. The government does not want to price of either to get too high so the only thing that will make the prices of either go up significantly are physical shortages in the real world.
The ironic thing is that if I had a few billion dollars or control over a few billion dollars I could single handedly cause the price of silver to skyrocket just by buying up real physical silver and taking possession of it.
He's both correct and pointless. Right now gold's spiking to 30 barrels/oz just like it did in the late 1980's and mid 1990's --when the price of gold was around $400.
You’ll know the economy has really collapsed when a pound of tobacco is worth more than a pound of gold.
Right now about 29.
Looking at the numbers I may be missing something but the while they're interesting I can't see any point there.
Gold is definitely going up... unless it doesn’t, more to follow
My point is that it’s a hell of a lot easier to store an ounce of gold than 29 barrels of oil. Not to mention carry around and use for barter.
L
Larry does not seem to realize that the gold market is highly manipulated to keep the price down.
Oh great guru: After gold goes up, do you predict that it will come down again?
All indicators predict a strong possibility
>>Kudlow would say the sky is clear and blue during a hurricane.<<
When you’re in the eye of the hurricane, the sky is clear and blue.
That’s the trick, isn’t it? Who are you going to buy all that physical from? If you try through COMEX via the paper route and demand delivery they are more likely to just refund your money and pat you on the head.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.