Originally posted by scooterscot
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General DOOM thread
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Originally posted by scooterscot View PostIn the last 15 years the dollar has lost 90% of its value against gold - you call that trust when the printing presses are burning that fast and furious? I call it theft.
Gold Price Chart, Live Spot Gold Rates, Gold Price Per Ounce/Gram | BullionVaultComment
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Originally posted by GJABS View PostPrice of gold in 2003 was around $325/oz, today it is $1226/oz, so a 73% drop in value, not as bad as 90%
Gold Price Chart, Live Spot Gold Rates, Gold Price Per Ounce/Gram | BullionVault"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostOkay should have said between 01 and 2011/12 - 90% during this time. I'd argue the value of gold is been pushed down since 2011/12 at the same time the FANG stocks have been pushed up almost 1000% with printed dollars. Gold is heavily undervalued at the minute and will probably sink further in the short term. Did you ken there's nearly 10 times as much paper gold in the derivatives market than there is actually physical gold?Comment
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