RE:Hey 160 K I may be wrong but I am quite certain that the previous all-time high for gold was actually $2,075.00/oz USD quite some time ago. On the COMEX gold was quoted at $2091.70 +$34.50/oz USD after hours on Saturday
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You are using the american dollar as the standard. If you use bitcoin as the standard, gold is actually quite inexpensive now. The gold standard.... well there are a lot of different currencies involved. Not just the US dollar which could very well weaken when they begin to reduce interest rates. That could be good for gold in terms of US dollars, but perhaps not so good for other currencies like Canadian dollars. So the US dollar price could go up, but the Canadian dollar price go down. You can't look at it in such a microscopic way. In terms of digital currencies (where much speculative money is going), the price of gold is down 50% in the last year. I can't do it all at once, so now I will look at your past posts. Don't pick on DDD :)
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Your answer 160k (is that how many miles you put on your car in one year?)
Your response was supposed to be something to the effect of...
Bitcoin, penny stocks,.... they make up about 2% of the market at best. So how Bitcoin compares to gold is really irrelevant in the big scheme of things. the US dollar is pretty much the standard... and I'm not certain it will stay that way forever. US Bonds, the dollar, the price of gold... that's all just going on history. And, well if you don't believe in history, don't put a second of your time in ta.
I tried to make it easy for you to respond.