You would lay odds and lose your bet in a simulation ran a billion times over. Such a bet wouldn't be fair from 1834-1933 because gold was pegged at $20, but if we started the bet at 1974 when the American slaves (every citizen living in the US at the time) were allowed to own gold again as a privlege granted by government gold would clearly be the winner. Especially if the banksters were not allowed to short gold with paper contracts to control the physical price in which they are losing that war. Gold should already be well over $10K an oz and at the rate it's going up with Trump as President gold could be at $12K an oz at the end of his presidency if he gets his way with the young pencil-pushing Fed head.
Originally Posted by CPT Savajo
If I understand correctly, it took 50 years to reach the level it was at when Trump took office and then it nearly doubled in price in a year, right?
To me, that doesn't seem like coincidence.
Isn't gold considered to be a hedge against economic uncertainty as much as, if not more than it is an investment vehicle?
"Global central banks are buying large amounts of gold, partly driven by a trend toward de-dollarization and a desire to diversify reserves away from U.S. policy dependence."
"The potential for a weaker U.S. dollar, linked to policies from the returning Trump administration, has further encouraged buying, as investors seek assets to hedge against the dollar's relative decline."
"Expectations that the U.S. Federal Reserve might reduce interest rates, or conversely, concerns about the Fed's independence, have fueled interest in gold."
"The surge in gold has been linked to concerns regarding the Trump administration's 'convention-busting' approach to governance, including sweeping tariff threats against both allies and foes, which create volatility and market anxiety."
"In summary, the rapid, near-doubling of gold prices to record highs in 2025-2026 acts as a "barometer of market anxiety," signaling that many investors are hedging against risks associated with unpredictable trade, geopolitical, and economic policies."
Apparently, gold has only done this once before in 1979-1980,
"When it experienced a massive, rapid surge, with prices nearly doubling in a single year amid high U.S. inflation, oil price shocks, and geopolitical crises."
It looks like Trump's current economy (if that's the right way to put it) and actions are contributing to present global uncertainty.
It's great that people have made money, and I hope you have, too, but is it really a good thing that the price of gold has gotten so high and do we really want the conditions that it looks like will be necessary for gold to double again?
https://www.google.com/search?q=why+...-8#lfId=ChxjMe
https://www.google.com/search?q=is+t...-8#lfId=ChxjMe
https://www.google.com/search?q=has+...-8#lfId=ChxjMe