The Real value of Gold

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The price of gold nuggets far out weighs the bar price but I'm not sure who's paying over $6000 per troy ounce for gold??
 
I'd like to know more about how the US debt clock price is correlated to the current market value. The variation value is ridiculous from a monetary point of view imo. My vague assumption of the debt clock value is it would be determined by the amount of debt the US has at any given hour on any day and vary as such with equalling hourly debt value. Their pretty good at spending and telling everyone how good they are in their own eyes but always spending money they don't have :N:

Outback do you have an explanation for the ridiculous variable gold price value to support why anyone should hang on to their gold. Or are you just as surprised as I and many others would be who read your link.
 
RM Outback said:
Outback do you have an explanation for the ridiculous variable gold price value to support why anyone should hang on to their gold. Or are you just as surprised as I and many others would be who read your link.
Click to expand...

Thanks for the question , I have some money in the bank ' I log into my account to see it , then I can pay bills online using those funds & do transfers etc .
I also have some food supplies saved plus a little gold & silver .

Fiat money is just smoke & mirrors , gold is real but only if actually held not paper contracts .

jack .
 
Watch the top left corner for about 3 minutes and you'll see their national debt go up by 100k so that's an increase of about 48 million per day. It'll be interesting to see how long it takes for gold to be valued at 10k per ounce won't be long I'm thinking. So these being paper figures and the real time value around $1711.90 AU if it hits 10k we'd be expecting a dollar value of 2k or there abouts, good advice Outback hang on to your colour :Y:.
 
Upside said:
The price of gold nuggets far out weighs the bar price but I'm not sure who's paying over $6000 per troy ounce for gold??
Click to expand...

That isn't what the table is showing - it's a ratio, not a price. If you hold your cursor over the 'Dollar to Gold Ratio Now' box, the explanation of its meaning appears in the top centre box as, "The year over year increase in the US M2 money supply, divided by the yearly world production of gold (in ounces)". It's a way of illustrating how inflated the US currency has become since the same comparison in 1913, as shown in the box below.
 
Silver holds its worth too really (92.5%).
A florin (when my mum was young) could buy you 4 loaves of bread.
A florin now is worth(somewhere) around $8 ?
For $8 you can buy 4 loaves of bread today (albeit cheap ones)
So having silver coin seems to bypass inflation ,... you may not make money on it, but at least a $1000 worth of silver coin now will still hold the same worth of buying power in 50 years, whereas just look at what you could get for $1 in 1966 when rasberry lollies were six for 1c (that's 600 raspberry lollies) ,... whereas now 51 years later in 2017 you could not even use your same $1 to buy a packet of rasberry lollies that might have maybe 20-25 lollies in there.
Just sayin is all. ;)
So, what is your $1 going to be able to buy you in the year 2066 ,... just something to think about a little hey. :|
no :rainbow: there huh :(
 
So, what is your $1 going to be able to buy you in the year 2066 ,... just something to think about a little hey. :neutral:
no rainbow there huh :sad:

Count on your $ devaluation being 50% (avg) for every 10 yrs if inflation remains approx. 2.5-3%....and wage rises promote further devaluation.... :mad:
 
Apart from stating the current US debt the only other way to get any usable information from that chart I can think of is by applying the yearly inflation rate compounding from 1913 then compare the gold / debt ratio from then to now with real figures. Even then as both debt and gold price move it's up to interpretation whether gold is over or under priced compared to debt.

Now if there was a chart comparing

GOLD / COVFEFE

That may be useful ;)
 
silver said:
Silver holds its worth too really (92.5%).
A florin (when my mum was young) could buy you 4 loaves of bread.
A florin now is worth(somewhere) around $8 ?
For $8 you can buy 4 loaves of bread today (albeit cheap ones)
So having silver coin seems to bypass inflation ,... you may not make money on it, but at least a $1000 worth of silver coin now will still hold the same worth of buying power in 50 years, whereas just look at what you could get for $1 in 1966 when rasberry lollies were six for 1c (that's 600 raspberry lollies) ,... whereas now 51 years later in 2017 you could not even use your same $1 to buy a packet of rasberry lollies that might have maybe 20-25 lollies in there.
Just sayin is all. ;)
So, what is your $1 going to be able to buy you in the year 2066 ,... just something to think about a little hey. :|
no :rainbow: there huh :(
Click to expand...

Gold is the same - watch the youtube video Goldnomics :Y:

Huge Gold Vault Door - and great facts and great music - a must to see and hear :)

Gold - buy low - sell high ;)
 

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