GameStop Corp GME

Real Value of Gold is $18,700 US per ounce

[nozzpack]

Current Real Value Of Gold ....$18,700 US per Ounce

 the Fed reserves have 261 million ounces of gold (World Gold Council) and the current monetary base is $4,876,690 millions in Sept 2020 (FED). Therefore, the gold’s monetary value is $ 18,700 per ounce (4,876,690  / 261).

Its probably higher than that now, as more trillions in money printing has occurred.

It's time this massive value debasement was corrected.
WSB should investigate ways to elevate POG to its rightful value..

[HyperCube]

And the Fed has reserves of zero ounces of tin. By your reasonning we can conclude that the real value of tin is infinite ( $4,876,690 millions / 0 ).

[nozzpack]

I don't recall that tin was ever considered as an alternative currency, so why would anyone more recent than a Neanderthal even think about tin in that way ? No answer is expected ..

[HyperCube]

Nobody thinks about tin that way and nobody should think about gold that way either. The value of gold is what people are willing to pay for it, not $18,700 per ounce.

[nozzpack]

Not really . For over 6000 years gold and silver have been alternative or main currencies. Gold is very rare and many uses  besides as a currency. Today, Paper  gold is far more abundant than real gold. All fiat currency returns to its intrinsic value which is zero. History always repeats itself