How much is gold really going to be worth in ten years?

[aufbahrung]

Rather than the going rate imagine all the potential crisis over the next decade and then have your own guess at the dollar to ounce of gold number?

[Scot Dutchy]

Why should I worry?

[Brian Peacock]

Indeed.

Why should even a profligate worrier like Crumple worry?

[Svartalf]

because maybe he's still young enough to rue not having enough of the yellow stuff when it becomes really interesting to own some?

[Sean Hayden]

I don’t know how much it’s worth today. Does that mean it’s worthless?

[macdoc]

As a food source yep.

[pErvinalia]

I thought we were all going to be dead from pandemic/nuclear war/meteorite/volcano in ten years time.

[Brian Peacock]

The systems of value and exchange in the global economy are not underpinned by any agent's ability to acquire or reserve quantities of a particular heavy metal once prized for it's rarity and workability. Don't listen to Farage and his fellow Ponzi schemers, the Gold Standard has gone Crumps - trading in snout and bog roll, pepper and silk, or children and shackles, are probably a better hedge these days.

[JimC]

At the moment, the price in Oz is approximately 2 bottles of Vickers Gin per gram...

[Brian Peacock]

When the geese attack, as they surely will, and society inevitably collapses under the yoke of Anatidaen oppression, what's going to be a more useful barter item: yer gran's old broach, or a pint of gin?

That question answers itself really.

[Hermit]

I thought we were all going to be dead from pandemic/nuclear war/meteorite/volcano in ten years time.

Ebola! A sleeper at the moment, but it will turn out to be the pandemic that will finish us all.

[aufbahrung]

Russians are extracting gold teeth so they must think it'll be worth a few bob

[Hermit]

Russians are extracting gold teeth so they must think it'll be worth a few bob

Of course it is, but at 102,000 roubles per troy ounce it is cheaper now than it was a year ago when it cost 127,000. Good time to buy rather than sell. A good time to sell would have been last March when it peaked at 300,000.

[aufbahrung]

Russians are extracting gold teeth so they must think it'll be worth a few bob

Of course it is, but at 102,000 roubles per troy ounce it is cheaper now than it was a year ago when it cost 127,000. Good time to buy rather than sell. A good time to sell would have been last March when it peaked at 300,000.

No need for a full treatise on the economics of gold mate, best time to sell is when you've got a bar or two to spare...I'd say

[Hermit]

Russians are extracting gold teeth so they must think it'll be worth a few bob

Of course it is, but at 102,000 roubles per troy ounce it is cheaper now than it was a year ago when it cost 127,000. Good time to buy rather than sell. A good time to sell would have been last March when it peaked at 300,000.

No need for a full treatise on the economics of gold mate, best time to sell is when you've got a bar or two to spare...I'd say

Two sentences not a treatise make, mate.