true price of gold?

[Prophecy]

The one thing the West should be worried about (if we/they care about 'leading' the world) is a China WITHOUT the CCP. A fully democratic China - imagine a China sized Taiwan - would be twice as powerful and more ACCEPTED than CCP China is now. For China to take its place in the world they actually want to be in... they have to get rid of the CCP. 

Edited May 17, 2020 by Prophecy

[DarkChameleon]

3 hours ago, Prophecy said:

Thankfully, with the CCP in control of China, the world won't accept the Yuan as main reserve currency. The country is too dishonest and closed to scrutiny to form any sense of reassurance from any country worth its salt. We were happy to trade with it but no one will stand for anything more.

Gold has no memory, as long as its pure it meets its purity and weightthen it doesnt matter what name is on it.

[AgCoyote]

14 hours ago, GoldenPhil said:

Who has the most gold? US, UK, Swiss, China, Russia, India? 

If I had to bet, it's likely China then Russia.

I don't believe the US owns the gold they claim. If they did then why do they fear a third party audit so much?

[MancunianStacker]

This site is useful for seeing a lot of various info:

https://www.usdebtclock.org/gold-precious-metals.html

Note: Link doesn’t seem to work but you can search for it instead 

Edited May 17, 2020 by MancunianStacker

[Bxlsteve]

2 hours ago, MancunianStacker said:

This site is useful for seeing a lot of various info:

https://www.usdebtclock.org/gold-precious-metals.html

Note: Link doesn’t seem to work but you can search for it instead 

What surprise me is the demand for gold in jewelry. It equals the amount of gold declared by China. 

[GoldenPhil]

I suspect people are buying gold jewelry as if governments decide to seize gold then they will only target unhallmarked items like coins and bars NOT jewelry 

[MancunianStacker]

1 minute ago, GoldenPhil said:

I suspect people are buying gold jewelry as if governments decide to seize gold then they will only target unhallmarked items like coins and bars NOT jewelry 

Asian public, China, India, Thailand and the like have historically (and still do) save in gold jewelry. Partly due to past paper currency collapses and partly as wedding traditions etc.

In Thailand the husband traditionally buys the bride (or her parents) gold jewelry. 23k investment grade too. If the parents get it, it usually passes back down to the bride anyway, eventually (this can depend on the family however). Luckily my wife’s family are relatively well off and she kept her gold 😀 

[Prophecy]

9 hours ago, DarkChameleon said:

Gold has no memory, as long as its pure it meets its purity and weightthen it doesnt matter what name is on it.

Well, gold has amnesia AND is wheelchair bound AND is treated like a Soviet orphan. But, boy, do we all like poking it with sticks through the bars like a circus freak show.

[MancunianStacker]

Salivate Metal fast forwards the US debt clock to 2024 😱 If this doesn’t make you want to buy another sovereign nothing will!!!

 

 

[MancunianStacker]

Belangp seems to see $9,000 per oz as the current true price. Also a 35% gold 65% stocks portfolio seems to have worked the best since 1960:

 

[jultorsk]

On 17/05/2020 at 01:27, Prophecy said:

The one thing the West should be worried about (if we/they care about 'leading' the world) is a China WITHOUT the CCP. A fully democratic China - imagine a China sized Taiwan - would be twice as powerful and more ACCEPTED than CCP China is now. For China to take its place in the world they actually want to be in... they have to get rid of the CCP. 

I'd still prefer that outcome. Without CCP it's not a stretch to envision China would fracture, like CCCP did (aka. "balkanisation"). Recall China is now stitched up and held together by the totalitarian (and expansionist) communist regime. 

[Prophecy]

3 hours ago, jultorsk said:

I'd still prefer that outcome. Without CCP it's not a stretch to envision China would fracture, like CCCP did (aka. "balkanisation"). Recall China is now stitched up and held together by the totalitarian (and expansionist) communist regime. 

very familiar with Balkanisation. It all depends on the will of the people and the system. CCP is in the veins of every walk of life in China so it would be a mess whatever happens.

[MancunianStacker]

6 hours ago, jultorsk said:

I'd still prefer that outcome. Without CCP it's not a stretch to envision China would fracture, like CCCP did (aka. "balkanisation"). Recall China is now stitched up and held together by the totalitarian (and expansionist) communist regime. 

I’d feel at home in Manchuria I think 😉 

[Abyss]

4 hours ago, MancunianStacker said:

I’d feel at home in Manchuria I think 😉 

Depends if Manchuria can build two stadiums for both the blue and red side of the city. Home away from home.

[GoldenPhil]

3 minutes ago, Abyss said:

Depends if Manchuria can build two stadiums for both the blue and red side of the city. Home away from home.

Can't they merge? 

[MancunianStacker]

28 minutes ago, GoldenPhil said:

Can't they merge? 

Never 😉 

[HawkHybrid]

On 12/05/2020 at 15:24, MancunianStacker said:

Over the last 50 years the price of Gold in £’s has increased 9,400%, that’s 188% per annum (basic). In $’s it has increased 4,800%, that’s 96% per annum (basic).

So, if we extrapolate this forward 10 years, at £1,400 in 2020, we are looking at 1,880% and we come out at £26,320 per oz in 2030.

At $1,700 in 2020, we are looking at 960%, so that’s £16,320 per oz in 2030.

 

just so that you know, exponential regression doesn't work like that. it's not linear regression.

ie 4,800% is not 96% per annum(4,800 divide by 50). it's logarithmic regression of 4,800% over

50 years which is ~8% average per annum(use a calculator).

8% compounded over 10 years is 2.16 times original so projected gold price would be £3,036 in

2030.

 

HH