Today's Gold Price

[Madison320]

I always look to supply and demand first. But like gold, there is a variety of political pressures to hold prices down. Oil is the worst for the economy, as a price increase effects pretty much everything.

I think it's safe to say that historically cheap oil is saving us right now.

The good news is that might be the one thing that keeps Trump from starting a major war in the middle east for Israel.

 

[Brian4Liberty]

I think it's safe to say that historically cheap oil is saving us right now.

The good news is that might be the one thing that keeps Trump from starting a major war in the middle east for Israel.

TPTB are always working hard to offset and obfuscate their money printing scam. Cheap oil and cheap labor have been the most effective for them.

 

[acptulsa]

I think it's safe to say that historically cheap oil is saving us right now.

The good news is that might be the one thing that keeps Trump from starting a major war in the middle east for Israel.

Seems to me petroleum -- natural gas, if we're being specific -- is driving our foreign policy in the Ukraine, Iran and Venezuela right now.

Oil is cheap, but keeping it that way is costing us dearly in tax and inflation. Both of those are driving the MIC. I smell this cheap oil driving us to hyperinflation, and possibly WWIII as well.

Saving us? Driving us down the road to Perdition? Both?

 

[pmbug]

I asked Grok:

Q: "If China were to conduct all of their international trade in RMB, and trade partners wanted to convert 80% of RMB surplus into gold, how much gold would China need in the SGE warehouses to satisfy demand?"

A: "... China would need approximately 6,804 metric tonnes of gold in SGE warehouses to satisfy the annual demand from converting 80% of RMB trade surpluses. This is roughly 17% of current global annual gold mine production (≈400,000 tonnes mined yearly) ..."

Q: "What would the price of gold need to be (in dollar terms) in order for China to be able to satisfy the hypothetical 80% of RMB trade surplus to gold demand using just 90% of China's gold mine production?"

A: "... The price of gold would need to reach approximately $72,189 per troy ounce for 90% of China's annual mine production (342 tonnes) to cover the $793.76 billion demand."

 

[mrsat_98]

3681

 

[oyarde]

3680 gold 42.8 silver . Danke wont have to work at Bohemian Grove now , may get an invite instead now he is loaded

 

[acptulsa]

$3700 will no longer buy you both an ounce of gold and a cup of Starbucks.

 

[mrsat_98]

3733

 

[sam1952]

$3700 will no longer buy you both an ounce of gold and a cup of Starbucks.

But it will still buy ya a pretty nice suit

 

[mrsat_98]

3747.00

 

[oyarde]

If silv closes Sept at todays top I guess itd be 10 percent more tan previous best. Of course new world record again for Gold