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.
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.
Gold is definitely going up... unless it doesn’t, more to follow
Yes, meaning gold has held up well considering the fall in oil. If gold is so great why has it lost 50% of its value since 2008?
The result is that loose monetary policy by the Fed and the ECB do not readily yield inflation. Indeed, inflation must be kept low so that interest rates do not spike upward and wreck the budgets of the developed world's governments though increased carrying costs for their massive debt loads. A significant rise in the price of gold seems implausible in such circumstances.