Why is gold rising so steeply?

[JOHNLGALT]

It reflects the dropping value of the fiat.
Lowered interest rates, and the printing presses are running hot.
I truly believe that gold and silver don't change in value, it's the buying power of our currency that change.

I was just about to make the same comment, then I read yours.
People just don't get it do they?
Gold & Silver don't RISE, fiat falls. One Kilogram is the same weight, height, purity this week-next week-NEXT YEAR.
Do you understand yet people? Sheeesh. _JOHNLGALT.

 

[JOHNLGALT]

It has made a nice long base and now people realise rates are going to be cut rather than rise. Nice looking chart.

Instead of Cherry-picking a date to measure the price in FIAT, try going back to the 1960's when the (price?) was less than 40 Dollars per ounce.

 

[Stoic Phoenix]

^And suggesting going back to the 60's isn't cherry picking a date you knucklehead?

 

[alor]

when you think only gold, it was cheap when it was $30/oz it was cheap when it was $850/oz it is cheap when it was $1000/oz
hope we can say the same when it was $2000/oz it would be still cheap

but if you considered fiat, gold is always expensive and you never buy them unless you are forced to

when it was $1900 people were buying them too
the rise is just plain and slow....

 

[JOHNLGALT]

"you knucklehead"

Something about 'listening to the DULL & IGNORANT'.

 

[Oddjob]

Was talking to a bullion dealer employee recently and wanted to gauge what they are seeing re demand for PM's..the conversation went something along these lines.

------------------------------------------------------------------------------------------------------------
Me: "So been busy lately?"

Them: "Yeah, crazy busy. Huge increase is sales blah blah blah"

Me: "What do you think is driving the increased interest / demand etc"

Them: "Dunno"....
-----------------------------------------------------------------------------------------------------------

Old mate could have been selling widgets for all he knew.

 

[JOHNLGALT]

Here we gooooooo

 

[JohnnyBravo300]

Every month trump calls for more stimulus to support his failing policies and hes been getting it. Its the only thing propping up the us economy at this time. Sounds a little familiar?
"Cough" Obama "cough".
His John Maynard Keynes blow up doll has to be getting worn out by now. Good job.

 

[TreasureHunter]

Brexit and Germany’s slowdown and Iran tensions had been on going for sometime. I think the predominant reason is China’s slowdown and fear of rmb devaluation due to trade war.

Obviously. I think it's the same thing. Plus: now it's all mainstream. Some newspapers now publish recommendations for preparedness.

Trade war is dumber than Dumb and Dumber. Trump could star in that movie.

 

[JOHNLGALT]

It's rising because there is big 'MONEY' flowing into PHYSICAL.

 

[sgbuyer]

Obviously. I think it's the same thing. Plus: now it's all mainstream. Some newspapers now publish recommendations for preparedness.

Trade war is dumber than Dumb and Dumber. Trump could star in that movie.

Would you want real war instead? I know some of the american public like real war, that's why Obama and Clinton created the circus in the middle east.

 

[Peter]

Total holdings of gold and silver have exploded in 2019 as investors grasp for safety amid slowing global growth, trade war uncertainty and a multitude of recessionary warning signs. The seemingly incessant demand has seen the total known ETF holdings of gold surge to the highest since 2013 and easily surpass the levels seen during the immediate years following the Great Financial Crisis. Like it often does with price, silver holdings have followed suit and investors now own more silver through exchange traded funds than ever before.
https://www-dailyfx-com.cdn.ampproj...t-from-Massive-ETF-Holdings-silver-price.html

 

[alor]

Every month trump calls for more stimulus to support his failing policies and hes been getting it. Its the only thing propping up the us economy at this time. Sounds a little familiar?
"Cough" Obama "cough".
His John Maynard Keynes blow up doll has to be getting worn out by now. Good job.

don't think that all farmers will get their fair cut, more like being cut from the land since bankruptcies all in waiting, sad
in many financial crisis before them, land had been the most difficult to confiscate, now with agribusiness ... they are within reach
gold and palladium only has $10 between them

 

[alor]

Total holdings of gold and silver have exploded in 2019 as investors grasp for safety amid slowing global growth, trade war uncertainty and a multitude of recessionary warning signs. The seemingly incessant demand has seen the total known ETF holdings of gold surge to the highest since 2013 and easily surpass the levels seen during the immediate years following the Great Financial Crisis. Like it often does with price, silver holdings have followed suit and investors now own more silver through exchange traded funds than ever before.
https://www-dailyfx-com.cdn.ampproject.org/v/s/www.dailyfx.com/forex/fundamental/article/special_report/2019/08/22/Gold-Price-Forecast-Rally-to-Receive-Boost-from-Massive-ETF-Holdings-silver-price.html/amp?amp_js_v=a2&amp_gsa=1#referrer=https://www.google.com&amp_tf=From %1$s&ampshare=https://www.dailyfx.com/forex/fundamental/article/special_report/2019/08/22/Gold-Price-Forecast-Rally-to-Receive-Boost-from-Massive-ETF-Holdings-silver-price.html

this is one factor, that China did not buy as much gold that many people have suspected

 

[sgbuyer]

Total holdings of gold and silver have exploded in 2019 as investors grasp for safety amid slowing global growth, trade war uncertainty and a multitude of recessionary warning signs. The seemingly incessant demand has seen the total known ETF holdings of gold surge to the highest since 2013 and easily surpass the levels seen during the immediate years following the Great Financial Crisis. Like it often does with price, silver holdings have followed suit and investors now own more silver through exchange traded funds than ever before.
https://www-dailyfx-com.cdn.ampproject.org/v/s/www.dailyfx.com/forex/fundamental/article/special_report/2019/08/22/Gold-Price-Forecast-Rally-to-Receive-Boost-from-Massive-ETF-Holdings-silver-price.html/amp?amp_js_v=a2&amp_gsa=1#referrer=https://www.google.com&amp_tf=From %1$s&ampshare=https://www.dailyfx.com/forex/fundamental/article/special_report/2019/08/22/Gold-Price-Forecast-Rally-to-Receive-Boost-from-Massive-ETF-Holdings-silver-price.html

Just wondering if the silver etf really owns the silver or it is just counterparties to short sellers?

 

[alor]

^ read the prospectus

 

[shinymetal]

People know that Trump is Q, Q is saying gold will destroy the fed.

We're going back to a GOLD BACK USD, that I assume will quickly turn into a gold back world standard for currency.

All the evidence that this is coming is clearly laid out. It isn't hard to see.

 

[66rounds]

Would you want real war instead? I know some of the american public like real war, that's why Obama and Clinton created the circus in the middle east.

Whats the context of this image??

 

[alor]

People know that Trump is Q, Q is saying gold will destroy the fed.

We're going back to a GOLD BACK USD, that I assume will quickly turn into a gold back world standard for currency.

All the evidence that this is coming is clearly laid out. It isn't hard to see.

people would only take the gold, not the paper

 

[shinymetal]

people would only take the gold, not the paper

I guess that's true, but could high demand, as in the mega wealthy and countries getting into the physical market be effecting the paper market at all?