peep2 wrote: a few months ago.
A month ago it had it at $30,000
and now it is at $27,000
at far right hand side of the site
https://www.usdebtclock.org/# So now the FED's and banksters' money have gotten to that site too
and rigging it downwards.
Probably to hit a relative bottom of maybe $25,000 an ounce of gold
and then coming back up again to a ceiling again.
Instead of gold per oz due to the money printing that will be non stop
till at least 2032 according to FED chief Powell yesterday, and
really US paper dollar growth to price of gold per oz, should be just
going up and surpassing $40,000 by 2023.
And even that could be conservative. It might really be $40,000 per
oz now.
Where both the US comex and British LBMA gold exchanges are
only paper contracts of gold now and not even close to what the
price of gold should be as measured by physical demand or the
US debt clock.
Maybe coming somewhere between how the two gold exchanges
should be measuring gold's price which is by physical demand for
real gold in the two gold exchanges. Perhaps around $10,000 an
oz of gold now.
and
the US debt clock by the amount of US dollars or basket of leading
currencies in the world, to estimated amount of gold in the world.
Perhaps really around $40,000 an oz of gold now.
Coing to perhaps a compromise of $25,000 an oz of gold, today,
of what really the price of gold should be.
Yet today everything is so call alright in the world and gold can get
clobbered $80 or so today. Because there is a fear of too much
inflation coming and the FED and central banks of the world will
have to start raising interest rates.
In the 1970s when that world inflation fear was present then, the
central banks just kept the interest rate below the inflation rate,
till inflation got to high. In late 1979 inflation got to around 20%
before the interest rate was put above and started the deflation
effect for a decade till inflation got to under 3% by Bill Clinton's
term.
Now that would only take an inflation rate of 6% or so, some say
we are really at now.
Ugh and Mind boggling.
Gold should be sky rocketing up ward not worried about what
central banks are going to do with interest rates which is nothing.
Since the signal from the FED yesterday is for non stop QE money
printing to at least 2023 and higher than expected inflation.
We know that is going to continue for the decade beause each
decade gets onto a pattern, and lasts the whole decade as that.
We see what it is now, the Central banks of the world are going to
priint to death and buy up the world making us slaves to this that
and the other - such as viruses, lock downs, breaking the middle
class/jobs, AI and android technology and UBI (universal basic
income) and less and less say by the citiizens and electorate.
If can even go out of the house without full body lab like suits or vote
by the end of the decade.
But sticking to what FED chief Powell said yesterday and Mannarino's
account of it (see video at bottom), the world is bankrupt now and
getting more and more bankrupt as the decade goes on. Most likely
not stopping by the end of 2023, Unless have a temporary post ww1
Germany like crash of their tremendous inflation they had then, but
worldwide this time.
But after that some are calling for the 2020s to be like the roaring
1920s after the Spanish Flu and German led inflationary, distabilization
effects then.
I don't think it will be roaring in fun, but in the illusory nature of both the
decades leading to something good.
It will be far from good as the 1920s outcome was far from good.
But sticking to what Mannarino said yesterday to what FED chief Powell
said, who is still the unofficial central bank leader of the world, setting the
financial trend for the world.
https://www.youtube.com/watch?v=S_XYT32EPyc