Why is gold rising so steeply?

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

  1. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    The good news, it's in california now! That's a great place for any pandemic to have its way.
     
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.
     
  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    They wont shed any tears for anyone.
     
  4. pennys

    pennys Member

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    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/
     
    Ivykoin and Timmy88 like this.

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