Why the big move in gold?
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- vnatale
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Re: Why the big move in gold?
https://money.com/best-online-gold-deal ... aily_money
5 Best Online Gold Dealers of 2024
By: Susan Doktor
Editor: Alison Tobin and Jordan Chussler
Published: Apr 15, 202416 min read
5 Best Online Gold Dealers of 2024
By: Susan Doktor
Editor: Alison Tobin and Jordan Chussler
Published: Apr 15, 202416 min read
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: Why the big move in gold?
I have tried many times but no gold bars available at costco
Re: Why the big move in gold?
The journey of a thousand miles begins with a single step. -Lao Tzu
- dualstow
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Re: Why the big move in gold?
I’d forgotten about that commercial
Gold tumbles as interest rates look to be staying high for now (APR30)
- vnatale
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Re: Why the big move in gold?
That's how popular a sales item that they are there!
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
- vnatale
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Re: Why the big move in gold?
https://www.businessinsider.com/gold-pr ... ion-2024-4
ECONOMY
People in China are so spooked about the economy that even the weak yuan isn't stopping them from buying more gold
Huileng Tan Apr 22, 2024, 2:33 AM EDT
ECONOMY
People in China are so spooked about the economy that even the weak yuan isn't stopping them from buying more gold
Huileng Tan Apr 22, 2024, 2:33 AM EDT
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: Why the big move in gold?
This seems not good. Is Buffett wrong about how much better owning businesses is, vs an asset that does nothing?
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Re: Why the big move in gold?
Didn't want to create an account to read the link but the headline seems off to me. Buying gold makes sense especially if the currency is getting weaker, not in spite of that fact.vnatale wrote: ↑Thu Apr 25, 2024 1:03 pm https://www.businessinsider.com/gold-pr ... ion-2024-4
ECONOMY
People in China are so spooked about the economy that even the weak yuan isn't stopping them from buying more gold
Huileng Tan Apr 22, 2024, 2:33 AM EDT
Also, what have been the alternatives for Chinese investors? The stock market has been bad and real estate has gotten killed. Cash under the mattress or hidden in walls has been a thing in China forever but, from what I have heard, it's even more of a cashless society than ours now.
We complain here in the US about the official inflation numbers being too low, but in China virtually all economic data is made up by the CCP. Here is a chart (not made up) of the gold to Renminbi exchange rate:
https://ycharts.com/indicators/gold_pri ... se_renmibi
- dualstow
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Re: Why the big move in gold?
It loaded for me. Maybe we get a few free reads per month?
So, for a limited time, you can read this copy, a .txt file.
https://drive.proton.me/urls/5Z1VMM81T8#z5pI5XYkUUvN
Use password: yuan
Will expire May 3rd.
Gold tumbles as interest rates look to be staying high for now (APR30)
Re: Why the big move in gold?
Weaker Yuan/RMB (relative to other currencies) = Cheaper exports, and more expensive imports
It means that the price of internationally sourced (COMEX/LBMA) gold, priced in dollars, euros or whatever they use in Dubai, is going up more for the folks in China than it is for the rest of the world (but they are still buying it aggressively).
The journey of a thousand miles begins with a single step. -Lao Tzu