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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 Bill Holter says 87,000 doing the math. But I won't mind 55,000. However, you do realize they will slap a windfall tax on the sale, like they did in the 70s when oil skyrocketed. There is no end to the black hole of government greed. Good point although I think it would be easier for them to ban cash, then whack everyone's accounts periodically with a 25-30% wealth tax. They will definitely put a capital gains tax on cryptos, I think once they've mandated an e-fiat coin. Although I personally think no matter what kind of games and shenanigans they come up with, eventually they will have to embrace free exchange of gold and silver because nothing else works for a market economy. And top down control economies don't work period, they have an expiration date the day they open for business. You know over 17 states in the US have passed legislation making gold and silver coins legal tender, that means they cannot exact a capital gains tax from the resale of gold bullion. I guess the feds could impose the tax but I don't think they have the resources to enforce it. Even FDR's gold confiscation relied on people voluntarily turning in their gold coins for paper with mystical symbols on it.
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