XPost: alt.economy, alt.fan.rush-limbaugh
https://www.telegraph.co.uk/business/2025/02/13/price-gold-has-run-away-reality/
The price of gold has run away from reality
Precious metal beats records despite high interest rates
and strong dollar – a bad sign
. . .
Yep. People keep paying more and more for gold
even though there's no underlying reason. It's
become a fetish, a paranoia, an obsession.
Obsessions tend to come crashing down.
Some neo Hunt Brothers are gonna DUMP all
their gold soon. Might even take the form
of foreign states ... beyond any law courts.
If you really want to know what "precious
metals" are worth, look at the OTHERS -
platinum, palladium and such. They've gone
up but not REMOTELY as much. Platinum kinda
went flatline in 2021. Palladium has gone
DOWN quite a bit since '23. Both are not
only 'precious' but also in industrial
demand.
So yea, gold has departed from reality. Bad
things are gonna happen. Silver jumped up
in '21 but has wobbled since then.
Gold and Silver seem to be a matter of
MARKETING, not inherent value. Media
advertisements convinced people to buy
and pay more and more. Thing is most of
the ads are by big concerns who sell/deal
in the stuff. THEY have reaped big profits,
only to ultimately leave YOU out in the cold.
--- SoupGate-Win32 v1.05
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