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📈Golds Value Keeps Rising | Gold at All Time Highs For Seventh Consecutive Week!

Socom7

Socom7

Power Poster II
Joined
May 15, 2022
Goldman Sachs have published a report on commodities where they predict gold price rising to $4,000/oz by mid-2026, and possibly much higher, depending on the fallout of Trump's war on the Fed.

[The price of] gold would be a (...) direct manifestation of the 'Fed independence trade'. (...) More specifically, a scenario where Fed independence is damaged would likely lead to higher inflation, higher long-end rates (lower bond prices), lower stock prices and an erosion of the dollar's reserve currency status. (...) As a result, gold remains our highest-conviction long recommendation in the commodities space.

They add that if only 1% of the privately owned U.S. Treasury market were to flow into gold, the gold price would rise to nearly $5,000 a troy ounce.

Gold is currently trading at over $3,500/oz (its highest ever price in modern history), and has spiked sharply since Trump's attempt to sack Lisa Cook.

Source
 
Socom7 said:
Goldman Sachs have published a report on commodities where they predict gold price rising to $4,000/oz by mid-2026, and possibly much higher, depending on the fallout of Trump's war on the Fed.

[The price of] gold would be a (...) direct manifestation of the 'Fed independence trade'. (...) More specifically, a scenario where Fed independence is damaged would likely lead to higher inflation, higher long-end rates (lower bond prices), lower stock prices and an erosion of the dollar's reserve currency status. (...) As a result, gold remains our highest-conviction long recommendation in the commodities space.

They add that if only 1% of the privately owned U.S. Treasury market were to flow into gold, the gold price would rise to nearly $5,000 a troy ounce.

Gold is currently trading at over $3,500/oz (its highest ever price in modern history), and has spiked sharply since Trump's attempt to sack Lisa Cook.

Source
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Apparently looking at a 27% rise still to come , well that’s the prediction anyway as reported by Australian mainstream media.
 
Socom7 said:
Trump's attempt to sack Lisa Cook.
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There has been no “attempt”. Lisa Cook has been fired.

Perhaps she will be successful in court wining damages or even reinstatement, however she has been terminated and thus no longer works in her previous position.


EDIT: my post is/was correcting the article not Socom7 whose post is an excellent find and quite interesting.
 
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DarkNoon said:
Nothing says like 'everything is fine' when gold keeps hitting record highs...
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Gold at record highs is cute. In a nuclear exchange, not even a literal ton of gold won’t buy you a bottle or a glass of clean water. Not even one single saltine cracker.

👉 Gold will be completly, utterly, entirly worthless, as gold will hold no value after everything collapses in all out nuclear war. No one you give that gold to will be able to use said gold to buy food or water. Worthless. 👈

The new "gold" after all out nuclear war will be salt. Before currency/coinage, empires ran on salt. Its the basic backbone of survival. Can't live without, can't preserve food without it, and so much more.

So if you want to be rich after all out nuclear war. Salt. Buy lots (literal tons) of salt and store it somewhere safe.
 
DarkNoon said:
Gold at record highs is cute. In a nuclear exchange, not even a literal ton of gold won’t buy you a bottle or a glass of clean water. Not even one single saltine cracker.

👉 Gold will be completly, utterly, entirly worthless, as gold will hold no value after everything collapses in all out nuclear war. No one you give that gold to will be able to use said gold to buy food or water. Worthless. 👈

The new "gold" after all out nuclear war will be salt. Before currency/coinage, empires ran on salt. Its the basic backbone of survival. Can't live without, can't preserve food without it, and so much more.

So if you want to be rich after all out nuclear war. Salt. Buy lots (literal tons) of salt and store it somewhere safe.
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This reasoning is based on the following assumptions:
  • That "everything will collapse" in an all out nuclear war.
  • That civilization will regress to ancient times before currency/coinage was invented (i.e. roughly to ~800 BC).
Both are provably false. Regarding "the collapse of everything" - the actual Cold War plans for an all-out nuclear conflict between the US and USSR (referred to as SIOPs) went to great lengths on what it means for the US to have an "assured destruction" capability against its adversary. Publicly released criteria called for destruction of 200 of the largest population centers in the USSR after absorbing a Soviet first strike. This would kill approximately 30% of the total Soviet population and destroy 70% of their industrial potential. It emphatically does not equate to "the destruction of everything", and keep in mind that the world does not consist solely of the USA and Russia (and China) - as well as that during the Cold War both the US and the USSR had a lot more nuclear weapons on standby than is the case right now.

Having established that it is physically impossible to kill a large fraction of the global human population using nuclear weapons, we can refute the idea that a nuclear war will somehow "reset the brains" of everyone else, make us forget all the civilizational advances and reestablish a barter economy where nobody feels the need for currency. For sure the purchasing power of gold would decrease - in line with fundamental economic principles (more cash chasing less goods) - but I would absolutely not expect gold to lose its value.

The Great Plague killed approximately 1/3 of the population of Europe; roughly the same percentage as could be expected to perish in a nuclear war. It did not produce any of the effects predicted by @DarkNoon.
 
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