Post by
BUYSilverGold on Feb 16, 2024 10:31am
2023 Gold and inflation
Well Gold was up 10% in 2023 that 10% helps little against street level real inflation vs the msm inflation data, NFG was down 16% in 2023 so why no inflation hedge?
ABX, AEM the same up 4% and 6.6% in 2023
I've watched far too many experts telling their viewers gold n silver are inflation hedge investments well the math doesn't add up
crazy times I guess the dance tune changed and I didn't notice as oil has been a better inflation hedge
Comment by
bogfit on Feb 16, 2024 11:01am
"Gold was up 10% in 2023 that 10% helps little against street level real inflation " Correct, however miner's leverage on earnings to spot (historically 3:1) is what makes PM investment a financial sucess. b.
Comment by
BUYSilverGold on Feb 16, 2024 1:06pm
3:1 ratio hasn't worked in years and again the math never lies AEM up 6.5% in 2023 while gold popped 10%....during the old days AEM would be up 18% +++
Comment by
bogfit on Feb 16, 2024 3:43pm
""3:1 ratio hasn't worked in years"" Uh, just had a thought that we may have trouble reconciling the data from the last three years as Covid made its own rules. What we want is an understanding of what 2024 will bring for Chinese debt, a potential CRE depression, and how it all impacts the USD, b.