Gold prices hit record high. What is fueling the surge?

Рет қаралды 17,963

3 ай бұрын

Gold is at an all-time high and now worth nearly $2,400 an ounce. That is almost a $600 increase over the past six months. Even Costco is selling gold bars. So what's fueling the surge? Scott Budman reports. #gold #costco
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Пікірлер: 53

@SC-pe9ir 3 ай бұрын

Since the US gov is printing 1 trillion every 100 days. Once it becomes every month we are officially in hyperinflation. Why do you think wars are ramping up?

@peterponcedeleon3368 3 ай бұрын

Inflation is fueling gold. Not political unrest. It’s inflation.

@MoonChild-po9du 3 ай бұрын

H-e-l-l-o Goldie

@chinaboss6683 3 ай бұрын

Dollar loses value. Gold gains.

@jeffnelson4489 3 ай бұрын

@@chinaboss6683dollar index strong lately you are wrong.Gold is sniffing out a pile O crap economy

@jgnmtz 3 ай бұрын

I would disagree based on the reaction to wars happening globally on the Stock Markets across the world . The U.S. stock market has reacted strongly . The Dow has seen record drops in the last few weeks , but it’s been resilient in bouncing back to some degree . Chinas central bank is buying up gold to ease reliance on the U.S. dollar . Other world central banks are buying up gold as well , driving prices ever higher . Globally , other countries see the U.S. in decline financially. Our tax system has been upside down since Reagan ! Our wages for workers have suffered repeated blows under republican leaders , leaving a mass of poor and underemployed Americans . Our immigration system has been dysfunctional and broken since Reagan and there has not been a ‘path to citizenship ‘ for brown & black ppl ,other than the dreamers act , in 50+ yrs .

@peterponcedeleon3368 3 ай бұрын

@@jgnmtz you almost make some sense. Respectfully, Central Banks around the world are buying gold to diversify out of dollars. The question you should ask yourself, is why do they want a diversify out of dollars the answer is, the dollar is losing value due to the inflation US government created. War has been happening for the past five years, and gold has been relatively stagnant. It’s only when the federal reserve signal that they will cut interest rates several times this year in spite of the obvious inflation, that gold continue to spike. Our tax system is not upside down, it certainly takes far too much from productive people, then gives it to those who are unproductive. It’s our spending that is the problem. The government creates inflation through deficit spending. Most of the deficit spending is wasted. Why? The answer is, that’s what government does! It wastes money and resources.liberals have a lot to learn about basic economics

@middleguy1776 3 ай бұрын

Inflation and shrinking value of the dollar.

@mr.b3168 3 ай бұрын

I thought everyone had some gold bullion, till I started talking to people and no one even knows anything about gold.

@FactsofMotivation350 3 ай бұрын

Many people dont even know were to get any. When talking about gold investment they usually think stock share, but stock share are papers that get manipulated just like currency does. If you cannot hold it, don’t buy it.

@yassma977 3 ай бұрын

gold is still undervalue it should be at 20 000$

@craigenputtock 2 ай бұрын

It's not that gold is hitting new highs, it's that the dollar is hitting new lows in value.

@peterharwa9472 3 ай бұрын

That Trump comment was not necessary!

@roberttaylor30 3 ай бұрын

as if its not already chaotic.....

@petrolabkilla 3 ай бұрын

Yeah… that’s ridiculous. Our economy is going down the hole currently haha

@CryingOrc1 3 ай бұрын

1:36 this box alone is worth about $1.4M.

@MrMountain707 3 ай бұрын

But I thought inflation was TRANSITORY?...

@simd510 3 ай бұрын

Lol how do people believe that crap

@jgnmtz 3 ай бұрын

My prediction is Gold spot price will reach $3000 by end of year . Globally , gold is the best store of value in terms of exchange . No fiat can match it . Thousands of years , GOLD! Just my opinion

@user-zg3ui2pt8o 3 ай бұрын

it is global de-dollarization trend...

@simd510 3 ай бұрын

Inflation ain't going back down and it never will. People understand this

@c00121314brave 3 ай бұрын

Inflation is fueling gold nothing else and Government spending is fueling Inflation nothing else!Government should be half its size!

@Tsunseyu 3 ай бұрын

Platinum! The precious metals play that no one is thinking about?

@siiwok 3 ай бұрын

NEM is undervalued still...get while you can..buy GLD and or DGP for ETF

@MarkMphonoman 3 ай бұрын

Gold has the public’s eye and momentum. It is about time.

@ismaileee 3 ай бұрын

CenBank shopping spree 🎉

@FactsofMotivation350 3 ай бұрын

Experts been talking 5k gold for a while. Regardless its save to say that with current inflation it does hurt to have a little of everything. Silver, gold, BTC.

@crashtheimf 17 күн бұрын

Random walk of prices we could eaily see 4000 before year end

@jgnmtz 3 ай бұрын

Gold prices will continue to rise , IMO. It’s no secret the National debt is increasing by $1 Trillion every 100 days on avg . Fiat currency is failing on the global exchange, regardless of what the propped up indexes say . Nobody is buying at our U.S. bond auctions .. Powell will go down in history as the greatest failure , globally , overseeing the fall of what was expected to be a permanent mode of payment /value , IMO.

@trailguy 3 ай бұрын

Funny to focus on gold selling when prices are going up. People are BUYING gold and depleting storage supplies. The people who are selling are in the minority.

@rmuers 3 ай бұрын

Its the rise of AI that need chips and processors and they use gold as primay conductor. Also, Inflation because of dollar value shrinking

@user-ol7tl1vf5m 3 ай бұрын

What does credit buy for those who have complete control over its system? Ethics? Morals? Nah… A world under totalitarian rule is one characterized by absolute control and authority exercised by a single governing entity or regime. In such a world, individual freedoms and liberties are severely restricted, and dissent is often met with harsh punishment. Totalitarian regimes typically seek to maintain power through propaganda, censorship, surveillance, and the suppression of opposition. Citizens are often subjected to constant surveillance, with their every move monitored and scrutinized by the state. Any deviation from the prescribed ideology or behavior is swiftly punished, sometimes through imprisonment, torture, or even execution. In a totalitarian world, the government controls all aspects of public and private life, including the economy, education, media, and religion. Cultural expression is tightly regulated, and dissenting voices are silenced. The ruling elite wield unchecked power, while the general population lives in fear and obedience. Totalitarianism can lead to a society characterized by uniformity, conformity, and a lack of individual autonomy. Innovation and creativity are stifled, as the regime seeks to maintain strict control over every aspect of society. Ultimately, life under totalitarian rule is marked by oppression, fear, and the constant struggle for survival in a world where freedom and individuality are suppressed. How does gold solve this?