Notice anything about the price of Gold since 2016?
(media.greatawakening.win)
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Silver is climbing too, and one factor is the declining value of the USD.
So gold is stable. Dollar dropping
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Well there are other global factors, but that's one of them.
Almost entirely this. There's other factors, but this is real value catching up. All currencies heavily devalued themselves in the scamdemic. If every major currency devalued itself 50% at the same time the exchange stays the same.
Real Estate is a more liquid real asset so it saw the faster shift in value recovery. Gold is still down compared to real estate in most major cities globally.
And silver is nowhere near the parity of gold that it should be.
I’m waiting on that little rocket ship….
me too
As a commodity it will rise due to inflation. The real value should be pegged to the amount of dollars it should be backing. Maybe someday.
Silver is suppressed to keep it cheap for industrial use. You can't have a green revolution that counts on silver for.solar if it's too expensive. You can't put 500 oz i. A tomahawk if its.true value is reflected. Both good things nonstop producing g if you ask me.
Yup...them bat trees use a lot of Ag ... torpedoes too ...
🤤🤤🤤 I've noticed it going up 🤤🤤🤤
😁😁😁
I wonder when the lowest value of the gold/wages ratio was.
It’s super cheap right now in terms of relative price, but wages didn’t go up to help that, and the “relative” part doesn’t necessarily make purchases all that easy.
From Anus Intelligence:
I got in pretty deep around 2013-2014 with Au, then kept stacking Ag since, with a little more Au along the way since then ...Ag was bending the safe shelves... and I wanted some Au snap off bars just in case SHTF. Au has increased around 250% and Ag at least 150% (for me)...it was sitting at $17 (of all prices, right?!) for a long time.
The depressing part of it all is the fact that the buying power of the dollar has tanked so hard in just 10 years... so I'm not really up on any of it, it's just locked in some buying power that they haven't stolen from us yet. I look at PM as a yard stick for how lame the dollar has become...
Yes - the wage ratio...As someone who runs his own gig one of the biggest challenges is getting customers to understand the cost of raw materials and how I've got zero control over that... it's fking depressing and a real challenge with razor sharp margins. Most days I'm better off staying in bed....the Chinese kids might be on to something with the rise of bai lan...
Wow, their standard is a 72 hour work week??
No wonder Foxconn has suicide nets all around their compound.
LoL... Yeah, then they retrieve "the fallen" give them some apple juice and tell them to get their asses back to work. Just like China.
I might be jumping every Monday morning if it worked like that.
Gotta have dreams to pull you through the workday buddy...😁
2655 today...silver 31 and holding
Indeed. If it was just the $$ weakening, then Ag would be climbing likewise, but it isn't, so there is definitely something going on behind the scenes re:Au
Silver will follow along once the cat's out of the bag.
X amount of gold will always be worth X amount of gold. What you're witnessing is the crash of the USD..
Gold and silver prices are manipulated too.
Henry Ford doubled the wages of his production-line workers to $5 a day in 1914 -- when gold was (by law) $20.67/ounce (a US $20 gold coin contained just under an ounce of gold, the missing fraction was the seignorage, which paid for the minting of the coins).
With a six-day workweek (the 5-day workweek didn't arrive at Ford -- or most places -- until years later), that meant production workers were getting paid one and a half ounces of gold per week.
Today's gold price (per Kitco) is $2,626.00/oz as I write this.
2,626.00 x 1.5 = $3,939 PER WEEK x 50 weeks/year (idk if that's the correct number of weeks worked in this case) = $196,950 / year.
A fifth of a million dollars per year for working on Ford's production line -- THAT's what blue-collar Americans at Ford were making 110 years ago.
seigniorage | ˈsānyərij | (also seignorage) noun profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs.
Gold's increase is not a good sign for the $.
Looking at the chart, the explosion begins with Covid and as Trump leaves. The rockeship trajectory is under FJB/KH
Gold and silver are the “Dollar”, specifically silver, which makes it a perfectly fine sign for the “Dollar”.
Bad sign for the “Federal Reserve Note”, and the people who created it can go to hell.
Funny how the “pound sterling” has nothing to do with a pound, and nothing to do with sterling silver. I wonder how it got it’s name!
Everyone says get into gold, but it’s climbing exponentially, so is the profit margin by dealers who sell it. Plus the profit they make when you need to unload some. There should be a fixed markup for these bullion crooks, even better, market price only and you should be able to buy it at any bank. Just my opinion, as skewed as it may seem.
Not just since 2016
I know, but I thought it was interesting to co-incide the start date with Trump getting into office :)
But that would mean nothing.
Bitcoin has gone from $450 - $63,000 in the same timeframe.
Gold and silver are great, but the real growth is happening elsewhere.
Don’t be left in the dust.
Yes, Russia is putting the Ruble on the gold standard and they’ve been buying gold in mass quantities.
Some state actor is buying silver, I suspect the ccp.
The site that I norrmally buy silver has gold listed at 2,639.76 & silver is listed at 30.91.