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| Economy |
| Gold futures rise above $1,800 an ounce for the first time since 2011 |
| 2020-07-01 |
[PUBLISH.TWITTER]
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| Posted by:Fred |
| #8 Well, my understanding that it takes the collision of two neutron stars to make natural gold. Food comes in nearly every year. It appears that we have plenty of food, just a crappy and corrupt distribution system. |
| Posted by: Procopius2k 2020-07-01 19:20 |
| #7 Coinage in America seems to be in very low supply for some reason. |
| Posted by: Dale 2020-07-01 17:48 |
| #6 In ancient Japan wealth was measured by how much rice a "province" produced. They actually had a futures market for "bushels" of rice. Part of a Samurais' job was inventory accounting of the rice available. |
| Posted by: Thaith Elmeresing6163 2020-07-01 12:45 |
| #5 Gold Bugs versus fiat currency, *snort*. This *assumes* gold has any intrinsic value compared to, say, a bushel of rice that you can actually eat when you are starving. |
| Posted by: magpie 2020-07-01 10:39 |
| #4 Then there's this. Caution, it's ZH. |
| Posted by: Mullah Richard 2020-07-01 10:35 |
| #3 If people think this fiat money (and the government behind it) is worth something, that is all that matters. |
| Posted by: Clem 2020-07-01 08:48 |
| #2 You float on over 23+Trillion dollar debt, your paper is worth less. |
| Posted by: Procopius2k 2020-07-01 07:47 |
| #1 Silver lagging for now, but probably due to its industry applications and downturn in the COVID-19 economy. |
| Posted by: Clem 2020-07-01 07:13 |