« 6TH POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: An impending equity bear market will ultimately push gold price to $4,500 

By: Decomposed in 6TH POPE | Recommend this post (1)
Thu, 30 Jul 20 3:21 AM | 36 view(s)
Boardmark this board | 6th Edition Pope Board
Msg. 03987 of 60014
(This msg. is a reply to 03983 by ribit)

Jump:
Jump to board:
Jump to msg. #

ribit:

Re: “...IMHO, it is the value of the dollars that is going down.”
Gold usually climbs when the number of new dollars grows faster than the production. Right now, the United States is producing a huge number of new dollars (which, unfortunately, aren't the kind of "production" I'm talking about) while actual production is plummeting. It makes sense that gold should go up. A lot.








Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




» You can also:
- - - - -
The above is a reply to the following message:
Re: An impending equity bear market will ultimately push gold price to $4,500
By: ribit
in 6TH POPE
Thu, 30 Jul 20 2:41 AM
Msg. 03983 of 60014

...IMHO, it is the value of the dollars that is going down.


« 6TH POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next