TTUArmy said:

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Anyone believe the US Treasury will re-value the gold on it's books?

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Heineken-Ashi said:

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jagvocate said:

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" In 1971, the federal minimum wage was $1.60 per hour, while gold was priced at about $44.60 per ounce. This meant a minimum wage worker could earn enough in a 40-hour week to buy nearly 1.5 to almost 1.8 ounces of golda significant amount by any historical standard.

Fast forward to today: with gold trading at roughly $3,399 per ounce, even a well-paid average worker making $25 per hour would need to work about 136 hoursover three full-time weeksjust to afford a single ounce of gold. This stands in stark contrast to 1971, when a minimum wage earner could purchase that ounce with less than a week of labor."

Gold protects purchasing power that our Federal Reserve destroys.

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With centuries of history as proof.

But it also shows that the economy has been a mirage since 2000 when risk assets topped against gold. Since then, the cycle of issuing debt to fuel growth kicked off full steam. We're now at the point where we are issuing debt to MAINTAIN declining growth. Next up is issuing debt to not grow at all and likely even generate negative growth (meaning the debt stops providing ANY value and starts subtracting value). That's when the fireworks start.

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Mas89 said:

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Heineken-Ashi said:

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jagvocate said:

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" In 1971, the federal minimum wage was $1.60 per hour, while gold was priced at about $44.60 per ounce. This meant a minimum wage worker could earn enough in a 40-hour week to buy nearly 1.5 to almost 1.8 ounces of golda significant amount by any historical standard.

Fast forward to today: with gold trading at roughly $3,399 per ounce, even a well-paid average worker making $25 per hour would need to work about 136 hoursover three full-time weeksjust to afford a single ounce of gold. This stands in stark contrast to 1971, when a minimum wage earner could purchase that ounce with less than a week of labor."

Gold protects purchasing power that our Federal Reserve destroys.

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With centuries of history as proof.

But it also shows that the economy has been a mirage since 2000 when risk assets topped against gold. Since then, the cycle of issuing debt to fuel growth kicked off full steam. We're now at the point where we are issuing debt to MAINTAIN declining growth. Next up is issuing debt to not grow at all and likely even generate negative growth (meaning the debt stops providing ANY value and starts subtracting value). That's when the fireworks start.

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Great analysis in a single paragraph. What's different is that the world has suddenly realized the debt shell game we are playing. Yes, the world's money is still invested in our equities market. But many have been adding other investments- metals and crypto. This is putting pressure on bonds and eventually equities. It's just a matter of time.

in round numbers, gold is up 70 percent from Jan.1, 2024- 2,000 to 3,400. And silver is up 70 plus percent in the same time.

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TTUArmy said:

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Might get a bit of an extended pullback in silver and a nice buying opportunity this week.

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