Post by
shiftyone on Dec 03, 2023 9:49pm
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 :)
Comment by
shiftyone on Dec 04, 2023 9:16pm
Comparing bitcoin price to the price of gold is the same as comparing any stock, even a junior mining company with the price of gold. It is meaningless. Goodnight.
Comment by
160k on Dec 05, 2023 1:50am
I won't respond to gibberish talk. Bit coin? Exactly what does it have to do with anything? The Comex gold price is the world standard, like it or not. Remember..."the man who knew too much"? You never listened..