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Current Gold Price
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vtsnowedin



Joined: 07 Jan 2011
Posts: 4723
Location: New England ,Chelsea Vermont

PostPosted: Tue Apr 11, 2017 1:54 am    Post subject: Reply with quote

I bought some more green painted precious metal today. $1637 worth for 1000 pounds of steel root rake grapple. I'll post a pic when it arrives in about six weeks.
Meanwhile gold is back up to $1258 USD/ troy ounce amid all the fears the Trump administration has generated. Might be quite a ride up OR DOWN over the next four years.
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vtsnowedin



Joined: 07 Jan 2011
Posts: 4723
Location: New England ,Chelsea Vermont

PostPosted: Sat May 13, 2017 5:51 pm    Post subject: Reply with quote

It is here . Works great!! Very Happy
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clv101
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Joined: 24 Nov 2005
Posts: 7800

PostPosted: Thu May 03, 2018 8:05 am    Post subject: Reply with quote

Tale of two charts, quarterly gold price in US dollars and UK pounds.


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vtsnowedin



Joined: 07 Jan 2011
Posts: 4723
Location: New England ,Chelsea Vermont

PostPosted: Thu May 03, 2018 2:57 pm    Post subject: Reply with quote

That shows you the US dollar is gaining against the pound and a lot of other currencies.
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UndercoverElephant



Joined: 10 Mar 2008
Posts: 8806
Location: south east England

PostPosted: Thu Jul 12, 2018 1:49 pm    Post subject: Reply with quote

https://www.rt.com/business/432838-global-gold-shortage-alarm/

Quote:
World running out of gold & there’s no substitute, experts warn

Mining companies are no longer finding new deposits of gold to replace their aging mines. South Africa’s 140-year-old gold industry – which was once the world’s largest – is currently facing a major crisis. The country’s mineral council says 75 percent of gold mines are unprofitable or barely making money.


So, let's unpack this. The price of gold has been systematically suppressed, by both legal and illegal means, for at least the last decade. This has been done to prop up the failing growth-dependent fiat monetary system, because a gold price that keeps rising would be the ultimate canary in the mine for that system.

BUT, because the price is artificially suppressed, it is putting gold mines out of business. This combined with geological "peak gold" (see article) means that supply is destined to keep falling for the forseeable future. These mines will only become profitable again if the people responsible for suppressing the price of physical gold either choose to stop, or are stopped, or their activities are overwhelmed by sheer demand for physical gold.
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