Dollar to Gold Ratio According to U.S National Debt Clock

U.S National Debt Clock ^

[WhatNot]

I wanted to post this just in case people missed it, a while back the U.S National Debt clock began publishing the real ratio for U.S dollars to gold.

At this point it's up over 6,000 per ounce. Keep stacking!

[eyeamok]

Perhaps someone can explain what the clock is trying to tell us.

Simple, since the coinage act of 1965 and the closing of the Gold Window in 1971 when the Value of our dollar was pegged to precious metals, Gold was $50 and Silver was $1. The difference you see is what some call Inflation, it used to be defined as Theft of Value.

[Georgia Girl 2]

The only way to own PM is in your hand.

[BipolarBob]

But that’s not the only way to make money off of it.

[Georgia Girl 2]

Yeh you can play that game as long as you know when to get out. Those ETFs are basically worthless.

[editor-surveyor]

.
The $hit hits the only fan that matters in the fall of 2024: The final “Day of Trumpets.”

After that, all the gold in the world won’t buy what you will want but can.t get.
.

[Wuli]

Gold is not getting/giving $6,000+ per ounce.

But today’s (9/26/17) gold rate is at $1,300+ per ounce.

[Wuli]

The current gold price of $1,300+ is high for this year so far, but not as high as the high it reached in 2016 and nowhere near as high as the highs it reached in 2011-2012.

[WhatNot]

Ok, I’ll mark the date you set on my calender, I sure hope the date you set doesn’t fall on Thanksgiving or Christmas, I’d really hate to miss out on the turkey and ham dinners I look forward to every year.

[editor-surveyor]

.
Its a date that can only be known when the moon appears in the sky at dusk on the Temple Mount.

But we can make a close guess.
.

[WhatNot]

Right, Gold is not where it should be, it's where the Central Bankers want it to be, in order to continue the illusion that their fiat currency is still actually worth something.

Here's just a tip of the iceberg that we have seen so far.

Deutsche bank admits it also rigged gold prices

But there are other examples of fraud and manipulation out there, google Newport Beach precious metal dealer Monex

[WhatNot]

Yeah, I don’t go in for Jewish mysticism. I’ll wait for the fulfilment of Jesus’s prophecy in Matthew 24 Verses 1 & 2. When that prophecy is fully complete I’ll start being concerned about whether or not gold becomes worthless.

[arrogantsob]

The only way the Fed could manipulate the price of gold to go lower is to sell massive quantities of gold which would drain money out of the money supply. Evidence indicates that it has been expanding the money supply not contracting it.

[arrogantsob]

And in whose interest is it to see a low price of gold? Not that I believe anyone could manipulate it, but just asking.

[arrogantsob]

They are mere commodities. Gold’s days as a monetary instrument are over.

[arrogantsob]

The Deutsche Bank is not a central bank.

[WhatNot]

Wikipedia says this:

"The Deutsche Bundesbank is the central bank of the Federal Republic of Germany and as such part of the European System of Central Banks"

I consider it the Central Bank of the Central Banks

[arrogantsob]

The official Central bank for Europe (including Germany) is the European Central Bank. Now that is not to say that it would win if it fought DB.

[WhatNot]

However you want to define it, it still goes to show PM are and have been extremely manipulated. Who knows how many thousands of paper contracts exist for every one ounce of above ground gold and silver.

IMHO When that fraud comes to an end, it will unravel very quickly and then PM will achieve it's fair market value. I believe the fiat ponzi scheme will soon be over. I dont look forward to it, I pray we can avoid the pain and suffering it will cause, but I dont know if it's avoidable at this late in the game.

[2001convSVT]

When the great Fiat money ponzi scheme does finally fail, only a real currency backed by gold and/or silver will be able to restore financial stability.

[hillarys cankles]

Deutsche bank has been convicted of manipulating the price of silver.

2015 the US dept of justice was investigating the worlds largest banks for manipulating the prices of both silver and gold.

Even though Deutsche bank was convicted of price manipulation they paid a pittance of a fine.

A trader for UBS was convicted of manipulating prices.

You really don’t think anyone could manipulate the prices of precious metals? serious?

Just search “can the price of precious metals be manipulated”.