What cost $850. in 1980 would cost $2510.55 in 2016. Also, if you were to buy exactly the same products in 2016 and 1980, they would cost you $850. and $258.20 respectively.
Do you want to do another calculation?
Is gold too expensive right now? ----- What cost $1250. in 2016 would cost $423.21 in 1980. Also, if you were to buy exactly the same products in 1980 and 2016, they would cost you $1250. and $4115.10 respectively. I don't think so.
We have upgraded gold in three different areas for the upcoming week. This week's COT report was very favorable for gold bulls and GLD investors. GLD found good
As this is still a relevant GLD issue, I will repost this here:
Why is there a clause in the GLD prospectus that states GLD has no right to audit subcustodial gold holdings? Why would the organizations behind GLD forfeit this right and create this massive audit loophole? I haven't heard of a single good reason for the existence of this loophole so far. In addition to the audit loophole, GLD claims to be fully backed by physical gold bullion but yet it refuses to give retail investors the right to redeem for any of these ‘claimed’ gold bullion. I also welcome everyone to verify the following for yourselves as I have:
"I remember CNBC's Bob Pisani visiting GLD's vault in a well documented segment. GLD's administration arranged this visit to disprove everyone claiming that GLD's gold did not exist. However, Mr. Pisani held up a gold bar with the following serial number - ZJ6752. This serial number did not appear on the most recent bar list during that time period. Cheviot Asset Management’s Ned Naylor-Leyland later found out that this "GLD" bar actually belonged to ETF Securities."
"Did anyone try calling the GLD hotline at 866▪320▪4053 in search of numerical details on GLD's insurance? The prospectus vaguely states "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." When I asked about how much of the gold was insured, the representative proceeded to act as if he didn't know and said they were just the "marketing agent" for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors."
Alert GOLDMAN SACHS is tanking again 4 out of 5 days ! and gold is rising ! what could this mean ?
Easiest Path to Riches on the Web? An Initial Coin Offering
Programmers are selling digital currencies redeemable for services that do not exist. Where some see a financing revolution, others see trouble.
Fed is going stimulus in reverse. I don't understand Yellen etal. Do they want to wreck our economy?
SPECIAL NOTICE: Gold just broke down today, shorts. Please take note. We see trap door bottom fall-out imminent. Stock market broke out bigly across the board and there is NO REASON to own gold. NONE. Check back in a couple years. The Great Gold/MIner Purge has commenced!
Hows your parabolic rise f*tard longs? You wasted 10 years on this junk. Worse, you also get hit with opportunity loss. Short volatility and the Precious Metals. Buy Bitcoin.
Store of Value....Try Store of Trash. Buy some Bitcoin and avoid the managed (manipulated) precious metals.
Yup...manipulated GLD trash going down. Buy Bitcoin, it is not manipulated.
Goldman and JP morgan were up big now down big ! what do they know that you don't ? Is this why Gold is going back up again ?
They announced unwinding and I sold. They are going to unwind $10B & $50B per month this and next year respectively. Sounds like reverse stimulus and not good for Gold. GLTA but I see the writting on the wall.
The rates wont go up as fast as people think imo. The bad news is down the road. Negative sentiment ensues after the Fed announces the unwinding of $4.5T. The opposite of stimulus. I will be out at the hint of this happening.
Fed news is not out yet. Anybody understand the sudden increase in gold price?
Manipulated chart pattern shows up again for gold and silver!!! You can set your watch to it!!!
Any moron who bought recently deserves to lose their money. Short it.
A Yahoo! user
thinking that government paper is going to be replaced by e-money. This will solve US debt. New dollar will be based on GOLD and so will e-money. there will be a market for both dollar and e-money but both will be backed by gold. Now there is no standards in e-money and hundreds of companies are entering there plus or bit or whatever. The only way to prevent fraud is to make the e-money backed by some standard. The only acceptable standard is gold. Think about it
GLD Gold & Rare Earths like UURAF heating up this week
Massive paper dump on GLD....short and make money on the way down with the big guys. They are manipulating this down and will profit and so should you. Short and buy Bitcoin.