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REPORT ABUSIVE REPLY
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Message Subject
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Gold Smashes Above $1800 For First Time Since 2011
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gold should have been breaking records every day since the russian / Saudi opec battle and covid on top of it
gold should be at. 3000 by now
but with global financial failures, a pandemic, and chaos in the streets.... gold has barely been making moves for 4 months now since all this shit happened
proof the gold market is manipulated
in a free market, gold would have been on a skyrocket trajectory since March
but instead it moves laterally between 1700-1800
Quoting: Anonymous Coward 79087321 In a free market the price of gold would be much, much higher. Because our government expands the national debt at around 8.5% every year. In 1934 our debt was $22 billion, do the math and it comes out to about $24 trillion today at 8.5% a year expansion. That also means that gold should be priced at: $50(1+0.085)^(2020 - 1934) = $55,710 per ounce [ link to www.usdebtclock.org (secure)] Has the data to where au/ag should be. They've got gold at $30,196 and gold at $28.99 in 1913. Gold held a pretty steady value between 1913 and 1934 because there was still a 25% gold coverage ratio observed by the federal reserve and commercial banks. So take that $28.99 from 1934 and you get: $28.99(1+0.085)^(2020-1934) = $32,300 which is pretty darn close to their value of $30,196 wouldn't you say? The silver price is based on a silver to gold ratio of around 8 which is about the naturally occurring ratio in earth's crust.
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