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2020-07-01 Economy
Gold futures rise above $1,800 an ounce for the first time since 2011
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Posted by Fred 2020-07-01 00:00|| || Front Page|| [2 views ]  Top

#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||   2020-07-01 07:13|| Front Page Top

#2 You float on over 23+Trillion dollar debt, your paper is worth less.
Posted by Procopius2k 2020-07-01 07:47||   2020-07-01 07:47|| Front Page Top

#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||   2020-07-01 08:48|| Front Page Top

#4 Then there's this.

Caution, it's ZH.
Posted by Mullah Richard 2020-07-01 10:35||   2020-07-01 10:35|| Front Page Top

#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||   2020-07-01 10:39|| Front Page Top

#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||   2020-07-01 12:45|| Front Page Top

#7 Coinage in America seems to be in very low supply for some reason.
Posted by Dale 2020-07-01 17:48||   2020-07-01 17:48|| Front Page Top

#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||   2020-07-01 19:20|| Front Page Top

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