Gold hits $2500 mark, highest ever so far!
(media.greatawakening.win)
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This isn't gold becoming more valuable, it's the currency continuing to devalue.
It still takes the same amount (ounces) of gold to buy the median priced house or car as it always has. However, it continually takes more and more Federal Reserve dollars to buy gold/houses/cars/food/everything.
https://files.catbox.moe/lz069z.png
And what is it that President Trump did doing his Presidency:
“In other words, the federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades. This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.”
ref: https://takeoregonback.com/2020/06/09/the-real-reason-trump-merged-the-us-treasury-with-the-federal-reserve/
Which means that: The FED has all the DEBT on it's books and what happens when a debt can't be paid back??????? DEFAULT!!!!! The FED will be the one that DEFAULTS and the Treasury is sitting back with the dollars in the coffers...
The dems think they are smarter than PDJT and THEIR PAYMENT IS GOING TOBE ... relegated to the back of the bus, so to speak!!!
Hell of read on the link , Ty
Bingo
It was $35 an ounce when I graduated from high school. A point of reference.
That was 1972, I guess.
1972 was a great year! Platform shoes, leisure suits!! Plaid trousers!! Disco!! What else could possibly want? /s
I worked at a store called "Chess King" about that time to work my way thru college. We sold all that shit there.
Silver 28.94
29.04 now.
29.06 now
https://www.kitco.com/charts/silver
Still, it's way too damn low. It should be in tandom with gold price, but it's not. What happens if tomorrow ALL PAPER SILVER gets erased......
🤔
The "real price" would be $55, but after 55, old silver mines get reactivated.
400 PAPER ounces of silver exist in 2024 for every REAL ounce in trade
its all paper. paper can be "shorted"
Amusing... but you FORGOT that one third of paper is SHORT not long.
So it would hit $55 then momentum peak 3 weeks at $65, then sag to $55
but if shorts all get out... it would indeed spike to thousands per ounce, but it would attract shorts soon, crashing it back
Join in on our distributed Hunt Brothers-style attack on the silver shorts. We can succeed where they failed.
Gold shall destroy Fed.-Q Q#2619
Doritos are $7 a bag. So what's the point?
Short answer: The point is those Doritos were probably 99 cents back then. The reason they are $7 today, is the dollar lost a very lot of value. And this can’t go on forever.
I was being sarcastic.
It shall end FED, I hear.
Too bad everything is manipulated by those at the top. This includes bank interest rates, bitcoin, the lottery, stock markets, housing prices, gold and silver etc.
Shiny good!
Every time I see a post about gold being at a new high, there's usually someone in the comments who is discouraged about the price. This comment is to remind you,the reader, that gold was also at its highest ever in 2012. I thought back then that I would never own gold or anything valuable. I was almost right.
2014 = $1080/oz
2024 = $2500/oz
2500 ÷ 1080 = 2.31x the cost for the same metal.
1080 ÷ 2500 = .432 or 43.2% of the buying power the dollar had only 10 years ago... right now in 2024.
Inflation - the secret evil tax robbing every single one of us.
Two retired friends that don't know each other called me this week to pick my brain about starting their businesses back up again because inflation is so bad it's eating their savings... and they're gonna run out.
The one I only talk to a few times a year...diehard Lefty - hung up on "mean tweets"...sigh ...
And it would have taken them just a small book to read, which you can download for free, to understand, that only governments or the central banks can destroy money: " What has government done to our Money" by Murray Rothbard.
The Mike Maloney series on money and gold is good too. It's on YT.
Also this:https://www.larryballard.com/
And this: https://www.youtube.com/watch?v=5qBdzhSna9E