Do you think the price of gold will ever reach down to 1100-1300 USD?

AMEN on that...I got it.

 

Log in or Sign up to hide this ad.

why has the economy and gold been high the lest four years then? nudge nudge wink wink

 

Let's consult the experts...

 

In a word, no. With the impending global economic reset and the US dollar taking a crap in relation to gold over the past several years, I think both gold and silver will go up and stay up in the foreseeable future. Of course, it all depends on what the international bankers want. But I don't see it going down to the levels the OP says anytime soon. We may stay about where we are for awhile but I see it rising, not dropping. Wait until about July...that's when I think we will see a big move upward.

 

Roll the dice!!!

 

bugs cant see anything but skyrocketing prices

 

That's really not true. China is the most overhyped economy of all time. They cook their books and will never be the top power

 

Focusing on the main question: I don’t have any more of a clue where gold will be in four years, than where the Dow Jones will be a week from now. That’s why I’m diversified with stocks, tax-free munis, and, yes, some gold.

 

They’ve been manipulating their currency for years. They’ve done a great job convincing people they aren’t some brutal communist country through Hollywood, academia, and media companies wanting access to their market meanwhile they’re running literal concentration camps.

They are seriously lacking in many many areas economically and could basically be ended over night if we started producing things ourselves or decided to buy from someone else. There’s a reason why anyone that tried to challenge them gets so brutally attacked by everything they have influence over.

They’re nothing special, they just have the ability to make cheap things because of sweat shops.

 

I have worked as an economist so I can tell you that even though China has worked an economic miracle -- taking hundreds of millions out of poverty and elevating them to lower middle-class status -- the Chinese Communist Party (CCP) lies all the time. They still haven't 'fessed up about C-19 and its origins.

Witness the cities comprised of empty apartments.

Also, lower rungs of the CCP have an incentive to lie about employment and production in smaller cities and rural areas. Party promotions and $$$ (yuan) are dependent on meeting production goals.

Some stats can't be manipulated -- electricity usage, for example -- and the amount of electricity and oil/gas usage does NOT back up the last few years of economic data. It's consistent with much lower levels of GDP growth.

I don't know if their 8% growth is closer to 6% or 4%, but it's almost certainly overstated.

 

Agreed .... and paying of my home and cars in another 5 years. Debt is a killer especially in economic storms and as you get older.

 

The difference is that the stock market pretty much goes up about 2/3rds of the time. It's long-run trajectory is UP and you get paid via dividends.

With gold, I would bet it rises LESS than 50% of the time and there are no dividends. And rises tend to be less than previous peaks so over long periods of time it doesn't set new highs.

 

Also costs premiums to buy and fees/time to sell

 

I can hold and enjoy my gold bars and coins and other PM "investments"....I can't do that with my shares of TSLA or CVX or ABBV or my bond funds.

 

Since India and China are rapidly losing population, and no longer desire to own gold, I can see $1200 gold...NOT

 

That’s true too, but those TSLA stocks will buy you plenty of things to play with

 

Their power is with social perceptions, they aren't even close to the USD in terms of strength.

Not really. A little over stated sure, but the fact is that if people stopped buying from them they're done immediately. Especially if people ever got serious about counterfeit goods.

It absolutely is a major reason and a great propaganda aspect from that experience that I had mentioned before. Same country with actual concentration camps, same country where disabled people died from being left alone in their apartments during covid, same country that welded doors shut killing people during covid, same country that lied to the world about everything the list goes on and on and on and on.

Lets also not forget them abducting the wealthy that get to powerful and western CEOs very recently.

China is not a good place, it is not a super power, it's run by horrible people that have done well with social propaganda.

 

rapidly?? please cite that?