Why the price of gold is skyrocketing | The Story

[@ChristianaBremer-z1q]

I'm so happy I made productive decisions about my finances that changed my life forever. I'm a single mother living in Melbourne Australia, bought my second house in August and hoping to retire next year at 42 if things keep going smoothly for me...

[@ChristianaBremer-z1q]

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[@JasonHain-z8t]

I have also worked with the same Alesia Haas. she is very insightful and understanding. She is also a patient teacher..

[@sirusvirus9650]

FIAT Currencies ALL Fail with No Exceptions in History. The No.1 Lesson from History is We Don't Learn from History 😢

[@bigmedge]

There’s plenty of times when a financial crisis happened in economies whose currencies were pegged to gold . Gold is a useful investment , but to suggest that it prevents financial crises is historically inaccurate

[@robbiekop7]

In the mid 1930s the US government frog marched people to their respective banks and seized they're physical gold. They were given a basic spot price for it but handing it over to the government was *not* an option

[@kevinmcdonagh1063]

Gold is money, everything else is debt, miss Khan is out of her depth

[@letsRegulateSociopaths]

money is an chit representing and exchange of value, gold is a metal. You don't buy goods and services with gold coins. Therefore it is a commodity that is exchanged for money (or more likely now and in the future-- used for high tech nano processes and electronics)

[@kevinmcdonagh1063]

@@letsRegulateSociopaths Your confusing money with currency, money is a store of value, currency is a means of exchange with no intrinsic value, hope that clears things up for you

[@sirusvirus9650]

@@kevinmcdonagh1063 Everyone is drip fed the Coolaid from Birth and does not understand the difference between Money & Currency. The confusion is by design and the Clarity is by doing the homework ☺️

[@billspencer8540]

​@letsRegulateSociopaths If you look back on to your life and ask yourself this one question , what have I learned about money, currency, taxes, and law ? You will realize you have learned absolutely nothing about these. Do you think this is a coincidence ?

[@DrewSidoro-tx3ui]

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[@DannyMiranda-tq2xf]

Copytrade really is the best trading approach especially when done with a good expert. Who do you copytrade??

[@DrewSidoro-tx3ui]

He's mostly on telegrams using the user name

[@DrewSidoro-tx3ui]

Managermenon

[@Itsherenow]

Congrats on your new house. Copy trading is really the holy grail. Menon is no doubt the best at it. I just closed mine with Menon at 2.8btc

[@Anna-de8pd]

How does this even work. This is the first time I am hearing of such thing

[@Cagstok]

Wow. Mehreen Khan is a British journalist specialising in economics, European affairs, and sports. Not gold. Very poor piece.

[@thenormiegamer7045]

Oops, the conspiracy theorist gold hoarders were right.

[@letsRegulateSociopaths]

if it always goes up it wouldn't be 2500.....

[@PFL44]

@@letsRegulateSociopaths Averaged over 11% yearly increase since 2000.

[@BarryGordon-sc7or]

She forgot to mention a couple of important points one gold has never stoped been money, it’s the only true form of money and 2 gold is not going up it’s the fiat currencies Credit ie, dollar, sterling, euro that are going down.

[@Urchinns]

Because war is near..

[@LewisConstance]

I'm eager to learn from top investors who have built their fortunes through savvy investments. Right now, I'm holding $345K from a home sale and I'm uncertain whether to invest in stocks or wait for a more opportune time.

[@Manselus4o]

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

[@Manselus4o]

I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon.

[@onlytm981]

Fiat currencies are on their way to discovering their true value which is zero. They have been doing this at various rates since they were created. Perhaps gold is better understood when it is seen that the rising price of gold is a reflection of the loss of value of the item that gold is priced in rather than the gold value rising.

[@rickardnorlen]

Spot on!

[@petersinclair3997]

Global markets are simply to large for a return to gold standard. Gold will remain a sector, though. The US built a large and strong economy based on debt. Value? The strength of a currency is based on stability and creditworthiness, more so than gold. Even with bullion based economies, problems can occur. Sixteenth century Spain suffered from inflation, owing there being too much gold.

[@petersinclair3997]

@@rickardnorlen Goods and services would rarely be priced against gold. Gold is good hedge for 12-24 month instability in currency markets, especially for small investors that need to remain liquid, when they can’t afford currency risk. At a coal face level, SMEs would be coving their COGS and making a profit. Under most circumstances, the USD and Gold have an inverse relationship, however, in recent times, gold has been strong and the USD stable. BRICS plus will challenged the remainder of this 2020s decade. Russia can’t sustain its economy generally and its National Wealth Fund specifically, given the Russo Ukraine War and the economic pressure the West is only just starting to place on Russia, we could se a very much diminished Russia three years from now. Indications are that China’s rate of double digit GDP annual growth will stagnate around three to four percent for the foreseeable future: Still China could remain the World’s second largest economy, but against growth rates matched by the West, 2026-27 and into the 2030s.

[@rickardnorlen]

@@petersinclair3997 The gold inflation in Spain was very short lived and was due to sudden influx after looting a lot of South American gold. A stable currency does not solve all economical problems but it is better and more morally correct than a fiat that allows the rulers to devalue the currency all the time to buy votes. The video is in error about gold and the depression. It was as usual caused by misallocation of capital much due to the central banks. Also the fiat collapse in the 30-ies was the root cause of the failure of the Weimar Republuc that enabled Hitlers rise to power.

[@timsandman]

Says all you need to know about he main stream media, they literally don't know about gold! Shows you how informed they are.

[@andrewgraeme8429]

Miss Khan is NOT an economist and sadly, it shows. Why someone who did a BA in History & Politics and an MPhil in European Studies gets the Economics desk at The Times must remain a clouded mystery. By all accounts, she is a lovely person - but not someone who can talk for half an hour on gold and its role as a commodity currency.

[@davidwestwater2219]

Female Muslim young talks right.

[@ricardosmythe2548]

It's the "shinyness" 😂 she's an absolute clown. I'm by no means an expert, I do a lowly paid job and I could run rings around her knowledge on the subject.

[@timbimjim514]

Diversity Equity and Inclusion?

[@tiaretsnyheter6026]

Central banks have famously been price sensitive when deciding to buy gold. The asset is a signal to governent irresponsibility.

[@SagittarianArrows]

As expected, the FED caved to the markets and cut interest rates by 50 basis points. Not only will this round of rate cuts not stop a cooling economy from entering a recession, but it will also turn up the heat on inflation, making the recession that much worse. Buy gold now. Not only did the FED’s 50 basis point rate cut send gold to a record high above $2,595, but it also sent the U.S. dollar sinking below 0.84 Swiss francs, a new 13-year low. What should be even more troubling is that long-term Treasury yields rose. It’s game over for the Fed. - Peter Schiff

[@mujicadnan4902]

Gold should be now at around 6000 dollars at least!!

[@letsRegulateSociopaths]

10 million at least!

[@mujicadnan4902]

@@letsRegulateSociopaths Isn't it too much?

[@YUDNSAY]

Has been for a good while, the BRICS nations have been increasing their bullion by huge amounts to underpin their currency, old-fashioned, but solid, the end of the 50 year deal with Saudi Arabia, and the US which underpinned their 'reserve currency' status has accelerated demand.

[@petersinclair3997]

The US, as a country, doesn’t trade in gold, yet its long term official static holding is 8,333 tonnes. Gold holdings should support BRICS countries’ currencies to some extent, to provide part value to these undesirable non-reserve BRICS currencies. Today’s global bond, currency and equities markets are just to large to return to gold standard (gold is a sector, though).

[@earlhammond9810]

Gold is a very rare forever mineral. It does not decay or go away. The same gold you hold in your hand today will still exist for millions if not billions of years. In fact it is already billions of years old as we speak. Can we say the same about fiat currency ?

[@detectiveofmoneypolitics]

Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank from Melbourne Australia

[@davidwestwater2219]

The times is so out of touch. This story is many years out of date. They have no idea what they talk about at all. Children.

[@anthonykerr6657]

“Gold and silver are money. Everything else is credit” - JP Morgan. This all time high price represents a collapse in the value of currencies while gold (money) holds its value.

[@ssruiimxwaeeayezbbttirvorg9372]

Mainstream is telling me "get in" i wanna run away :/ is correction incoming?

[@PFL44]

Yes my contrarian mind is telling me to be cautious.

[@moinyp]

For trade purposes, gold is far riskier than many can imagine. Its valuation stability is nowhere near that of the dollar. Many companies/countries will realize this fact after a few tries.

[@robertsmuggles6871]

Owning gold within Good Delivery bars, cast by LBMA-approved refiners and weighing around 400 Troy ounces (12.5 kilograms), offers the best way to invest in gold if the buyer wants value, security and the ability to sell quickly for full value. Stored and insured in specialist vaults, this large-bar gold comes with a warranty of quality and authenticity. It enjoys the tightest trading price spread - the difference between buying and selling prices - and commission fees are lower than any other bullion product. £804,000 for one bar. For Times listeners this is clearly being presented as a viable investment. FFS!

[@jonroberts2445]

Gold is priced in dollars. The gold price could equally be expressed as the gold/dollar exchange rate. It is meaningless to say one is more volatile than the other, when their prices are simply inverse expressions of each other. Save that the real inflation of the dollar of somewhere between 5% and 10%. So some loss is nailed on, by design. Gold has been the safest store of value for 5000 years. Nothing has changed.

[@barrydouglas387]

Gold has gone up over 13000% (not a misprint) since the seventies, it maintains it's value against the pound or the dollar unlike fiat currencies which are a fraction of their 70s value. Think about it... What could you buy with a pound in the seventies, hence I would say gold is and has always been the very best storage of wealth, this is why central banks still hold it.

[@letsRegulateSociopaths]

but HEY, the Oligarchs LOVE eating those people.... no wonder

[@moinyp]

@@jonroberts2445 Gold is sold and purchased in any currency, not just dollars! Gold is not pegged to the dollar, or any other currency for that matter. Gold’s market valuation has nothing to do with the dollar or any other currency, and that what makes it so volatile!!

[@Yourtimeisnow-GG]

Gold and Silver are a great store of wealth and now great investments too!

[@timothymurray3666]

The Great Depression didn’t hurt china or the USSR.

[@bradmodd7856]

different world, the next great depression will hurt them

[@robbiekop7]

True but they were pretty poor anyway back in those days

[@davidwestwater2219]

Yes it did

[@des_smith7658]

We are the wealth preservation society

[@jean-claude7491]

It would appear that the layman (woman) is awaking, welcome Mehreen Khan.

[@darrenhudson5503]

And as humans we always go back to what worked in the first place

[@ricardosmythe2548]

Gold has never been "a thing of the past"

[@davidjones7776]

OH dear - Khan I beleve this - Gold and silver is GOD;S MONEY - surely Khan should know this - Please read the bible Miss KHAN

[@letsRegulateSociopaths]

I thought SLAVES were?

[@letsRegulateSociopaths]

Pretty sure that Jesus was AGAINST the Money lenders and said that a rich man cannot enter heaven....

[@andrewhill1251]

Let's revisit her Bitcoin perspective this time next year

[@robbiekop7]

The fact that about 20% of Bitcoins are held by a secret individual makes me suspicious about it 😩

[@kludgedude]

The paperless office never arrived either

[@billspencer8540]

To paraphrase JP Morgan a little bit. : Gold is money. Everything else is stinking worthless debt.

[@davesubers3415]

All fiat currencies fail in time but not gold!

[@gerardmeade1134]

I am sure she is right !!. However I will keep on stacking.

[@Mightyflynn77]

I like the urban way this lady speaks. It is wicked. It is cool. It is dope. Just right for yoofs like me. Booyaka

[@2000brettpaul]

Babylonians were not the first to strike gold coins. Gold coins were first struck on the order of King Croesus of Lydia (an area that is now part of Turkey), around 550 BC.

[@TribbleDude]

Nobody is in the position to state, as a matter of fact, who struck the first gold coin.

[@letsRegulateSociopaths]

babylon used silver. a thousand years before, but only for foreign trade by the oligarchs...

[@Kostas_Sifakis]

I bet some have already found a cheap way to produce gold.. like diamonds. xD Thus I don't like gold. Maybe that's why gold had stable price for so long.. overcreated? xD

[@donclark9484]

Thank you for reminding everyone that backward cultures like shiny metal. Zero useful financial analysis here, save your time.

[@excitingfactsabout]

Gold will be priced between $ 10,000 and $ 15,000 an ounce in 5 years, because just the US debt is expected to raise up 8 times within the next 5 years from todays levels, guess what the gold price be doing than? Remember my words, talk to you again in 2029! Gold will be always the one and only REAL money!

[@davidkrupadanam1179]

Mars has tons of Gold.. Macanna's gold

[@leet3207]

Will BRIC nations start there own commodity backed currency thus destroying fiat currency?

[@letsRegulateSociopaths]

really? I invite you to watch Patrick Boyle (a real economist) and his segment about BRICS (don't forget the "S"!!!)

[@R0M8N]

Because Russia sells gold for cash and artoficually raises prices

[@letsRegulateSociopaths]

which is why their millions of Bot accounts are fluffing up the gold buyers with stress-- so that they will all bow down to Trump, giving up their rights for a false promise of "stability" (as if).

[@kevinmalone9673]

Gods money is gold and silver watch them fly up ,and watch crypto walk you into a trap.

[@holaclive]

Its risen but not skyrocketed(yet) Hyperbole.

[@Capitalist_Pig314]

INFLATION? UNCERTAIN TIMES?

[@tonydownunder5703]

Very interesting 👍👍

[@user-hs4ei27]

Selling assets now, times radio?😂

[@guff9567]

Inflation

[@letsRegulateSociopaths]

inflation is caused by wealth inequality.

[@DoonRugby]

Lol there is infinite gold in the infinite universe

[@marknaisby7384]

She's a millennial, say no more . She does not understand gold at all . All these kids who go through the economist's doctrination school of the LSE and other establishments are only taught keynsian economics , speaking to a number of these kids ,they have never read any hayek, von mises or rothbard , they will not admit currencies are continually inflated .until one day it is valueless, regards

[@itsclint146]

Gods money au ag she knows not of what she's talking. Thousands of years as money

[@robertsmuggles6871]

People want to see gold as expressions of financial truth and financial justice. This mythology is powerful but I suspect the gold story is more prosaic and has to do with the industry cycle - a gold mine takes 50 years to become profitable - ie. two generations. By all means trade in and out, buy it to calm your nerves, buy it for grandchildren, but unless you are a central bank buying for your reserves - leave gold to the traders and merchants.

[@amberowens3244]

Ya can't EAT gold. The only real value is real estate 🤷

[@nostrodamus5407]

You can't eat real estate either.

[@boonnathan9827]

Hahaha. Yeah cause house taste so good !

[@des_smith7658]

And you can't print it

[@ducx23]

that is only as good as the insurance company can protect. fire, war, flooding, government plans, tax systems, and depends on the economy. It is an expensive investment.

[@TribbleDude]

But you can buy food with it, or anything else you fancy.

[@zhiyucui8343]

When Lord Keynes called gold a barbaric relic, his vision was for economic prosperity in peaceful time under responsible government. Now we are facing inflationary pressures from regional wars and populist politicians. May be history is a better guide than economics for a method of value storage in the future. 🥸