In this report I talk about the importance of gold in the monetary system and how gold has survived as a store of wealth for millennia. I also look at the gold price's performance for 2017 in different national currencies.
The Death of Gold.
7 years ago in #market by maneco64 (75)
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Good info about gold, Where do yo see it's price about a year from now?
@roberchr Difficult to give exact levels. You should hold gold as an insurance and not worry so much about its fiat value. If I had to guess though I'd say at least $1500 by end of 2018.
nice
They are trying to kill off gold, all the while they are accumulating it behind the scenes.
Agree generally about gold and silver - they are more than anything a store of value. However, comparing the price of an ounce of gold across currencies does not make sense. Gold is denominated in USD thus if it is up 13% in USD and others are up less then it means, all other things being equal, their currency has depreciated against the USD.
Thanks for your videos!