Why is gold rising so steeply?

Discussion in 'Gold' started by TreasureHunter, Aug 14, 2019.

Page 10 of 10
  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    It's the same here in Singapore, the governing elites think this virus doesn't pose a personal danger to them given the healthcare their wealth and power can buy. Or maybe they have bunkers with 12 months of food and water prepared to ride out any pandemic.

    But we shall see.
     
    sgbuyer, Jan 29, 2020
    #181
  2. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,598
    Likes Received:
    3,446
    Trophy Points:
    113
    Location:
    Colorado USA
    They wont shed any tears for anyone.
     
    JohnnyBravo300, Jan 29, 2020
    #182
  3. pennys

    pennys Member

    Joined:
    Jan 30, 2020
    Messages:
    43
    Likes Received:
    25
    Trophy Points:
    8
    Location:
    Qld
    Why? Probably inflation. If non-government calculations of CPI are to believed** then inflation is somewhere near 10%. This would explain my rising grocery prices and utility bills, rising gold price, rising share market, rising house prices etc. Or am I being too cynical to think official inflation would be unreported to keep rates low and give the masses the illusion of their wealth increasing?

    **https://chapwoodindex.com/
     
    pennys, Feb 3, 2020
    #183
    Ivykoin and Timmy88 like this.
  4. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    CPI is going to kick in now with the Corona virus' spread
     
    TreasureHunter, Mar 8, 2020
    #184
  5. minimilled

    minimilled Active Member

    Joined:
    Nov 24, 2019
    Messages:
    286
    Likes Received:
    165
    Trophy Points:
    43
    Paging coronva-virus...please go directly to Hollywood. The world is rooting for you.
     
    minimilled, Mar 8, 2020
    #185
    JohnnyBravo300 and 66rounds like this.
  6. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    You do realise you're talking about a million people dying.
     
    JulieW, Mar 8, 2020
    #186
Page 10 of 10

Share This Page