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07:54 PM
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Why are gold prices down?
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[quote:Anonymous Coward 84240981:MV81MjM4OTg3Xzk2NDkwODA3X0YxM0FBQzZE] [quote:paramedic:MV81MjM4OTg3Xzk2NDkwMTc3X0IxQUEwMTI1] Cause you can’t eat gold [/quote] Hey ding dong: you can't eat paper currency either but guess what? Both can be exchanged for goods and services. [youtube]https://www.youtube.com/watch?v=dgct3Jn8pFA[/youtube] [/quote]
Original Message
It seems to me that with inflation going through the roof, and with the markets down, and with interest rates up, gold should be higher than were it is. As of this writing, gold is at $1673/ounce. What has caused the price of gold to fall recently. I think that it should be up around $2000/ounce.
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link to goldprice.org (secure)
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