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

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

Post by aufbahrung » Tue Oct 04, 2022 6:06 pm

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

Post by Scot Dutchy » Tue Oct 04, 2022 7:47 pm

Why should I worry?
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Re: How much is gold really going to be worth in ten years?

Post by Brian Peacock » Tue Oct 04, 2022 8:25 pm

Indeed.

Why should even a profligate worrier like Crumple worry?
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Re: How much is gold really going to be worth in ten years?

Post by Svartalf » Tue Oct 04, 2022 8:54 pm

because maybe he's still young enough to rue not having enough of the yellow stuff when it becomes really interesting to own some?
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Re: How much is gold really going to be worth in ten years?

Post by Sean Hayden » Tue Oct 04, 2022 9:02 pm

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

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

Post by macdoc » Tue Oct 04, 2022 9:36 pm

As a food source yep.
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Re: How much is gold really going to be worth in ten years?

Post by pErvinalia » Tue Oct 04, 2022 10:07 pm

I thought we were all going to be dead from pandemic/nuclear war/meteorite/volcano in ten years time.
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Re: How much is gold really going to be worth in ten years?

Post by Brian Peacock » Tue Oct 04, 2022 10:59 pm

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.
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Re: How much is gold really going to be worth in ten years?

Post by JimC » Wed Oct 05, 2022 12:45 am

At the moment, the price in Oz is approximately 2 bottles of Vickers Gin per gram...
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Re: How much is gold really going to be worth in ten years?

Post by Brian Peacock » Wed Oct 05, 2022 7:12 am

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.
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Re: How much is gold really going to be worth in ten years?

Post by Hermit » Wed Oct 05, 2022 7:41 am

pErvinalia wrote:
Tue Oct 04, 2022 10:07 pm
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.
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Re: How much is gold really going to be worth in ten years?

Post by aufbahrung » Thu Oct 06, 2022 11:53 am

Russians are extracting gold teeth so they must think it'll be worth a few bob
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Re: How much is gold really going to be worth in ten years?

Post by Hermit » Thu Oct 06, 2022 1:28 pm

aufbahrung wrote:
Thu Oct 06, 2022 11:53 am
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.
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Re: How much is gold really going to be worth in ten years?

Post by aufbahrung » Thu Oct 06, 2022 4:32 pm

Hermit wrote:
Thu Oct 06, 2022 1:28 pm
aufbahrung wrote:
Thu Oct 06, 2022 11:53 am
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
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Re: How much is gold really going to be worth in ten years?

Post by Hermit » Thu Oct 06, 2022 6:45 pm

aufbahrung wrote:
Thu Oct 06, 2022 4:32 pm
Hermit wrote:
Thu Oct 06, 2022 1:28 pm
aufbahrung wrote:
Thu Oct 06, 2022 11:53 am
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. :mrgreen:
I am, somehow, less interested in the weight and convolutions of Einstein’s brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops. - Stephen J. Gould

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