In this report I talk about the importance of gold in the monetary system and how gold has survived as a store of wealth for millennia. I also look at the gold price's performance for 2017 in different national currencies.
@roberchr Difficult to give exact levels. You should hold gold as an insurance and not worry so much about its fiat value. If I had to guess though I'd say at least $1500 by end of 2018.
Agree generally about gold and silver - they are more than anything a store of value. However, comparing the price of an ounce of gold across currencies does not make sense. Gold is denominated in USD thus if it is up 13% in USD and others are up less then it means, all other things being equal, their currency has depreciated against the USD.
Good info about gold, Where do yo see it's price about a year from now?
@roberchr Difficult to give exact levels. You should hold gold as an insurance and not worry so much about its fiat value. If I had to guess though I'd say at least $1500 by end of 2018.
nice
They are trying to kill off gold, all the while they are accumulating it behind the scenes.
Agree generally about gold and silver - they are more than anything a store of value. However, comparing the price of an ounce of gold across currencies does not make sense. Gold is denominated in USD thus if it is up 13% in USD and others are up less then it means, all other things being equal, their currency has depreciated against the USD.
Thanks for your videos!