NO POLITICS PLEASE!! - Question On Gold Values

Discussion in 'Bullion Investing' started by Randy Abercrombie, Sep 12, 2020.

  1. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I caught a program on History Channel last week called America’s Book Of Secrets. I reckon it to be something of a conspiracy theory program but it had a section on gold so I was all in.

    The premise of the gold value part of the program was that gold values are being intentionally held low so governments could store up all the gold possible...... Well that just floored me. Gold value held low???? Seriously???? Twenty years ago I purchased the bulk of my gold well under $500.00 an ounce.

    How can it be rationalized that a commodity that has quadrupled in value over a twenty year period is low??

    I know this was a conspiracy theory type program along the lines of ancient aliens and the like. But what pray tell do these people think the “real” value of gold should be? It’s puzzled me all week.

    And please guys. I am truly curious about this. I like holding gold and want to better understand this assertion. Please don’t go political. I like it here.
     
    Last edited: Sep 12, 2020
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. slackaction1

    slackaction1 Supporter! Supporter

    I watched it also.. There may not be as much as we or I THOUGHT..
     
  4. Inspector43

    Inspector43 72 Year Collector

    Please, what do you mean by that?
     
    Randy Abercrombie likes this.
  5. -jeffB

    -jeffB Greshams LEO Supporter

    So, the program's point, summarized: "People/companies/governments/aliens other than me are conspiring to keep me from getting what I want".

    Humans have lots of brain circuitry dedicated to figuring out what other people are doing, or have done, or are planning to do. Just like our visual systems see faces in random patterns, our minds see plots and plans behind any course of events.

    Of course, sometimes they are real.
     
  6. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes? Supporter

    Were they talking about decades ago? Many people felt the "official" price of gold at $32 was being artificially kept low. This ended in (I think 1972) when the gold price was turned over to the commodity market and people were allowed to own gold again.
     
    fretboard and Inspector43 like this.
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    No sir. They were speaking of the current market.
     
  8. J.T. Parker

    J.T. Parker Well-Known Member

    Hello Randy,
    Perhaps the problem lies within the premise that these 'National Enquirer-esque'
    programs are primarily for Entertainment & NOT Education.
    J.T.

    Randy,
    Just read your 'dog quote' tag line...Love it and completely agree!
    (Love me some pooch)
     
    Last edited: Sep 12, 2020
    Etcherman, midas1, Dynoking and 2 others like this.
  9. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Yeah, that’s rather where my mind was too.
     
    J.T. Parker and Inspector43 like this.
  10. Inspector43

    Inspector43 72 Year Collector

    Well, they are not for education IMO. Collectively, they have too many errors in them.
     
    Randy Abercrombie likes this.
  11. atcarroll

    atcarroll Well-Known Member

    Gold hasn't risen that much in value, it's risen in price. It takes more dollars to buy an ounce of gold than it did twenty, thirty, or forty years ago, but it also takes more dollars to buy everything else. The real value of our money isn't some number, it's what we can purchase with it. How much has the value of an ounce of gold changed in the past 100 years relative to the goods and services you can trade it for, regardless of the dollar amount it represents?
     
    midas1 and Randy Abercrombie like this.
  12. -jeffB

    -jeffB Greshams LEO Supporter

    The price of gold has gone up by more than 50% in the last two years. That's not the case for "everything else".

    If you want to use gold as your yardstick, then there's been some serious deflation over those last two years in cars, groceries, salaries, and, as you say, "everything else". That's a self-consistent viewpoint, but not a very useful one, at least for those of us who get paid in (and shop with) dollars.
     
    Randy Abercrombie likes this.
  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    If one put their mind to it, I think there is a conspiracy in everything. It only takes a theory.
     
  14. midas1

    midas1 Exalted Member

    "How can it be rationalized that a commodity that has quadrupled in value over a twenty year period is low??"

    When was the show produced?
     
  15. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I thought that it was a new program. I could be wrong but I don’t think so.
     
  16. imrich

    imrich Supporter! Supporter

    Now I'm feeling bad as I started strongly investing in Gold 20 years earlier when it was $600/oz..

    Life is relative, zero in, zero out.

    You can probably find a better return in the stock market, real estate, etc..

    Why invest in Gold. I invest in Classic Gold because of scarcity, beauty, worldly tangible exchange medium.

    I don't know about you, but I've been involved in so many investment areas, and the long-haul average has been akin to a buggy-whip continuous investment with extraordinary effort.

    My Gold collection has always been enjoyable, so I've never stopped. As with the international investors, the past opportunities have been diminished.

    I can currently sell any of my certified classic Gold virtually immediately at slightly above spot to young investors. Why, maybe because they are less greedy, and appreciate relative scarcity of a beautiful tangible investment.

    You might consider a different tangible investment to establish a better appreciation of your luck. A new house or car? I have some government securities I'll trade for your certified classic Gold coins.

    JMHO
     
    Last edited: Sep 12, 2020
    Mr. Flute and Randy Abercrombie like this.
  17. midas1

    midas1 Exalted Member

    "You can probably find a better return in the stock market, real estate, etc.."
    Absolutely. Many years ago, I stopped thinking of my gold coins as an investment. I enjoy them for their history and intrinsic value.
     
  18. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    midas1 and Randy Abercrombie like this.
  19. fretboard

    fretboard Defender of Old Coinage!

    Sounds like the premise of the show was to make people believe that the price of gold is being controlled by a higher power! :D j/k I didn't want to say it's controlled by the government but that may be the case, who knows! ;) That's right, nobody knows! The bottom line is maybe that part of the show was created to get people to buy gold! Or maybe it was done for people to stop collecting gold, what ever the case, I've been collecting since 2011. I wasn't as lucky as @Randy Abercrombie price wise but I think I'll be okay! thumbsup.gif
     
    midas1 and Randy Abercrombie like this.
  20. midas1

    midas1 Exalted Member

    Last edited: Sep 12, 2020
    fretboard and Randy Abercrombie like this.
  21. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Well rest assured. Gold is NOT part of my investment plan. Just a very interesting and sexy part of my coin collection.
     
    midas1 likes this.
Draft saved Draft deleted

Share This Page