Live Gold Price, not to mention silver — way up

submitted by hennaojichan from goldprice.org

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[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (7 children)

It is not that gold is going up, but Dollar (and other currencies) are going down.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

TRUTH.

[–]hennaojichan[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

Same-Same The dollar is not going down where I live but it will.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (4 children)

Fed is 'printing' like there is no tomorrow so $ will go down at some point in the future.

[–]hennaojichan[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

I believe you. i just hope it doesn't happen before I get some lite coin.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

It IS going down down down down as we speak and has been for a long while. The issue is that central banking is coordinated worldwide, so when all currencies get debased, as is happening lately, the exchange rates don't change much. Except exchange rates with alternative stores of value: Gold, silver, bitcoin, etc.

However, this is where crafty finance comes into play: these alternative stores of values' prices have been kept under massive manipulative pressure. So in fact, the price of gold should be maybe $4,500 and silver $100 today in order to display the real decrease in the dollar's value. Or maybe even higher, nobody knows exactly.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yes. I meant that the rate of falling will accelerate.

[–]hennaojichan[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Right now.