The price of gold is at a record high: Here's why

they had to use a photo from 2014 because it’s all gone now. somebody got it.

remember the calls to audit fort knox years ago? never been done because, well, i’ll leave that up to the reader.

Gold is highly fungible and several ounces can easily be carried around with little effort.

Even Japan allows one kilo to be imported without much fuss.

Unlike the yen gold has seen strong gains in recent years.

Expect more appreciation as the US November election brings uncertainty.

I've read that when the market crashes, so does gold because everyone needs cash all of sudden to fulfill their obligations.

The treasury has been audited:

https://www.quora.com/When-was-the-last-time-the-US-gold-reserve-had-a-proper-audit-How-many-decades-ago#CEPUt

If you expect each bar to be weighed and sampled by Ron Paul, that ain't going to happen.

Gold is up because the US has been weaponising the dollar to punish anyone who disagrees with them! That and the fact that the printing presses have been running flat out for the last 20 years!

china is buying up gold and silver. they’re trying to gain control of the entire silver market and paying a 10% premium to do it.

it’s like the “trading places” movie and orange juice.

you don’t have to believe me. you can search on your own.

We usually think that highly developed industries, machinery, IT, robotics and such bring wealth, power and global leadership, and we look a bit down to those who own only resources and count them kind of underdeveloped. To a degree that had been the case for a while, but now it turns out, that also ownership of whatever resources secures own country. For example the sanctions against Russia do not work, because they can easily sell to others urgently needed resources. Well, China we don't need to discuss, they have or buy now all resources and they also have IT , robots and machinery. Now you have a clearer view into future, haven't you?

SanjinosebleedToday 08:36 am JST

Gold is up because the US has been weaponising the dollar to punish anyone who disagrees with them!

So they weaponized the dollar to bring it down in value. Interesting.

So they weaponized the dollar to bring it down in value. Interesting.

No, they weaponize the dollar and pirate dollar assets. As a result, countries protect their assets by finding alternatives eg Au. Demand for Au increases resulting in price of Au going up.

Fool Gold,only.the rich and foolish believe in,it take 1 million dollars to get 40 oz of gold,do.better by buying a lottery ticket,it always goes up in value

Gold was $2648 in Feb 1980 according to Macrotrends. It's not a good investment.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

. . . Alan Greenspan

There is physical gold.

It’s my go to!

Strange that central banks buy gold at ever increasing rates, isn’t it?

If anyone is unconvinced about its value then read the history of the Weimar Republic and then watch Goldfinger…