Gold Just Hit AU$2,000

I have been thinking deep this couple days about the trade war this couple of days. I think Xi has made strategic error by not giving Trump concession on agriculture. Chinese have a saying "Do not force the dog to jump the wall". With nothing to lose now, Trump now has the excuse to ramp up the trade war against China all the way. Since it won't matter any more since China won't buy those agriculture products anyway.

There are also great advantages in doing so. Ramping up tariffs to 25% across the board or even higher will cause US stocks to correct big time in the next couple of months, forcing the Fed to move it's hand in time for a huge rally come November 2020. During the entire period all the way to the elections, the US economy will do ok, ironically, since lowered interest rates will drive up the stock market and domestic consumption.

With this episode, it's easy to predict the outcome of the trade war - Xi will not compromise and the US don't need to either if Xi doesn't compromise because the US will eventually just import from other Asian countries like it did before year 2000.
 
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ironically, since lowered interest rates will drive up the stock market and domestic consumption.
just look at Japan, its been 30+ years and counting...

after the dust settled, the world would be split into two, Oceania (sea) and Eurasia (land mass)
 
Nice set of numbers................

oo2JS9B.jpg
 
fingers crossed, but not for major issues to unfold but rather just investors getting jittery.
 
Market Closed - $2,232.43 :p

Aud - $0.68

Another fantastic week for gold :D and another unfantastic week for the world :confused:

# Australia v South Pacific Islands :rolleyes:

# US v China

# China v Hong Kong

# India v Pakistan

# Japan v South Korea

# North Korea v South Korea

# Israel v Iran

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The Book of Psalms Chapter 82 v 3

Defend the poor and fatherless,do justice to the afflicted and needy.Deliver the poor and needy,free them from the hand of the wicked :)
 
Can a Silver Bullet stop Gold's rise?
I’m clarifying for the people that are unsure why there was a price increase.
 
Getting to the business end of the video @ 13 mins 20 seconds.
It is now a collectors item.
 
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I made this chart in June 2016, 3 years later I've just updated the demise of the AUSSIE Dollar against GOLD.
Why would anyone in their right mind save their wealth in PAPER or DIGITAL form instead of GOLD?
1 OUNCE OF SHINY NOW AUG. 2019.jpg
 
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JOHNLGALT said:
Why would anyone in their right mind save their wealth in PAPER or DIGITAL form instead of GOLD?
Click to expand...
Agreed

Just think, if you'd put 50c in the bank in 1966, you'd have 50c in the bank today.

Had you invested 50c in silver instead you'd have $8.63 today.

Leaving money in the bank is one of the worst things you could do with it.

There's a valuable lesson to be learned from the 1966 50c coin.images (8).jpeg
 
Number 47 said:
Agreed

Just think, if you'd put 50c in the bank in 1966, you'd have 50c in the bank today.

Had you invested 50c in silver instead you'd have $8.63 today.

Leaving money in the bank is one of the worst things you could do with it.

There's a valuable lesson to be learned from the 1966 50c coin.View attachment 26204
Click to expand...

Actually, with compound interest and inflation you'd have around $4.30 in the bank (minus fees!)

There a valuable lesson to be learned from compound interest!

:)

I wish I'd taken note of it sooner!
 
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