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58318044 No.58318044 [Reply] [Original]

Gold has never in all of human history been worth more than this many USD

>> No.58318047

>>58318044
Ww3

>> No.58318055

interestingly we are only 20% above the 2011 high.
perhaps that means gold is undervalued rn?

>> No.58318066
File: 47 KB, 764x478, gold inflation adjusted.jpg [View same] [iqdb] [saucenao] [google]
58318066

>>58318044
nobody tells this retard. imagine thinking nominal prices are relevant

>> No.58318091
File: 184 KB, 1200x628, gold-production.png [View same] [iqdb] [saucenao] [google]
58318091

>>58318055
nevermind this is basically the chainlink of metals due to how inflationary the supply is

>> No.58318170

>>58318044
The USD ain’t looking to good, that is why.

>> No.58318252
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58318252

>>58318091
Production is up, but so is human population. Also the production becomes increasingly difficult because the ore grades are getting exponentially lower and lower (chart isn't in log so it looks more harmless than it is.
Technology and cheap energy helped somewhat to mitigate but there are certain boundaries beyond which it's just no longer feasible unless gold massively increases in value.

>> No.58318285

>>58318091
>>58318252
Also supply side perspective is not really relevant. Central Banks want you to look at it like it's a fucking commodity.

Really potential demand as a global settlement currency is almost infinite and can get gold to 50-100x.
If demand is greater than supply then production cost don't matter. What matters then are how much money buyers have.

>> No.58318394
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58318394

top signal

>> No.58318423

>>58318044
Adjusted for 'official' inflation gold's ath should be around 3.3k usd

>> No.58320249

Best way to buy gold? Finding a shop local? Any trusted online sources?

>> No.58321240

>>58318044
What do you mean 10 minutes?
Trading doesn't start for several hours.
Even the futures market is closed. Is there a futures futures market?

>> No.58322104

>>58320249
Check out /pmg/
Info in the OP post

>> No.58322404
File: 660 KB, 850x524, 1673470581240548.png [View same] [iqdb] [saucenao] [google]
58322404

>>58318044
and everything is going to get worse, international reserves are falling little by little and according to truflation inflation has increased quite a lot. The country needs to replenish its gold reserves or we will all be poorer and poorer.

>> No.58323270

>>58318044
Correction
In human history USD has never been worth so little.

>> No.58323412
File: 230 KB, 1393x847, truflation gold 215654672.png [View same] [iqdb] [saucenao] [google]
58323412

>>58318066
>>58318091
>>58318044
Actual price chart here, with real adjusted inflation.

This is nothing new bros, gold been breaking ath for some weeks now.

>> No.58323417

>>58321240
Forex market has different hours.

>> No.58323488

>>58318044
>Gold has never in all of human history been worth more than this many USD

inflation-adjusted, it's still over 50% below it's 1970 value

>> No.58323531
File: 95 KB, 1821x556, 1696579451189790.png [View same] [iqdb] [saucenao] [google]
58323531

inflation adjusted is such a retarded measurement, just compare it to M2

>> No.58323541

>>58320249
Costco unironically, yes seriously.

>> No.58323596

>>58318423
>Adjusting for 'official' inflation
>Not at USD rates from start of Fed to today
ISHYGDDT

>> No.58323640

>>58323412
>Truflation
Hello Biden!

>> No.58323645

>>58318044
A new high would be like 15k in todays dollars, retard.

>> No.58323652

>>58318285
Demand for gold will never be greater than the supply. Just wait until the next time "they" find a cache of 30% of the total supply like just happened in the last few years.

>> No.58323831
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58323831

>>58318066
What happened in 1980?

>> No.58324892

>>58323831
https://www.federalreservehistory.org/essays/recession-of-1981-82

>> No.58325215

imagine if gold moons because banking cartel wants to take limelight away from bitcoin

>> No.58325236
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58325236

>>58318044
Gold is the only standard that can save the US dollar, the feds keeps printing money and getting us in insane debts and inflation rate
You can watch any chart of Truflation and see it for yourself

>> No.58325243

>>58325236
isnt a new standard, it has always been the standard par excellence.

>> No.58325245
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58325245

>>58325236
How does this affect APU's rugpull?

>> No.58325694

>>58325236
not even gold can save the us dollar at this point

>> No.58325697

>>58325236
this