Posted on 07/27/2020 3:27:15 AM PDT by zeestephen
In the morning of Asian trading hours on Monday, spot gold traded at about $1,931.11 per ounce after earlier trading as high as $1,943.9275 per ounce. Those levels eclipsed the previous record high price set in September 2011.
(Excerpt) Read more at cnbc.com ...
I like that!
You are actually doing what every human being must decide to do or not to do. The end is coming for all of us. That’s certain. Maybe at different times and maybe the same. We do that balancing act of having enough for the future and building for the future even though we don’t know if there is one.
Great move buying and holding at that price. I’m too impatient. One of my many flaws.
Gold is spiking because the Federal government is on a massive spending spree.
bump
True. The wage cost of labor varies based on the value placed on life (human rights, regulatory burdens, health care and such). I imagine it’s quite a multiplier to compare US & China in that regard.
Re: “Dollar index is now 93.8.”
Wow!
Thanks, Reporter.
The Dollar Index has been floating between 98-100 for so long, I barely look at it anymore.
I completely missed the July crash!
That definitely explains the price of gold.
On the other hand, the yield on USA Treasury debt has been steady to down, and the price of West Texas Crude has been flat for the whole month.
I just realized that I stopped watching the business channels about a month ago since the only things they talk about are COVID-19 and white racism.
Thanks for waking me up!
Jesus said give unto Caesar’s what is Caesar’s
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But take all the legal deductions and tax credits you can. :)
I just realized that I stopped watching the business channels about a month ago
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Now you stand a better chance of making some good money. :)
Just wait until a lot of stuff is not made in China. Prices will surge just because of that.
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Not sure about that as production can shift to other countries, which is a good thing in many respects.
here is the link to the website I use for a daily snapshot of the important markets—
Yes it can. But can it match demand immediately?
Yes it can. But can it match demand immediately?
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Not overnight but the incentive is there to ramp up production quickly and seize the opportunity to grab market share. Countries that get out of the gate the quickest will be big winners IMO.
Countries that get out of the gate the quickest will be big winners IMO.
Ummmmm - maybe it has something to do with the trillions of dollars that the Fed is printing?
Well, when putting money in the bank costs you instead of bringing interest, it kind of puts a pun on Jesus’parable
At this point even ETF become a real currency that brings in interest when put away
Yes but paper money brings no revenue in savings account compared to gold. It so happens that all those big tech companies have a lot of cash. Gold for sale out there is less than Google’s account. Price could sky rocket
Attributing precious metals prices to anything is at best blowing smoke.
The precious metal price increase is led from Asia while China is being devastated by ongoing floods and serious simultaneous drought affecting the regions where Covid 19 has the population in turmoil. There are similar but less devastating flooding in India and South Korea.
The Chinese economy is being hurt badly this summer. The full extent is not apparent.
You have stated the primary indicator which is in fact the combined result of many others. INFLATION
He looks forward can prosper. He who can’t make a decision will not make money
I love my Dodge Challenger and I love driving it and I want a brand new one in another year.
Don’t wait...get it now if you have the opportunity.
Yes, not always a close correlation.
The classical definition of inflation is “an increase in the money supply that leads to an increase in prices.” Old dictionaries have it that way. The dumbed-down definition is “an increase in prices”.
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