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Why are gold prices down?

 
Goldbug
User ID: 76252830
United States
09/22/2022 08:18 PM
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Why are gold prices down?
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.
[link to goldprice.org (secure)]
Anonymous Coward
User ID: 83892304
09/22/2022 08:22 PM
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Re: Why are gold prices down?
Umm because prices are rigged in the future's market. There is more gold and silver sold in contracts on the future's market in 3 days than is mined in an entire year.
Vavoom

User ID: 84062210
Canada
09/22/2022 08:29 PM
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Re: Why are gold prices down?
Umm because prices are rigged in the future's market. There is more gold and silver sold in contracts on the future's market in 3 days than is mined in an entire year.
 Quoting: Anonymous Coward 83892304


bingo-NI
Judethz
Israel is Eternal

User ID: 79555498
United Kingdom
09/22/2022 08:34 PM

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Re: Why are gold prices down?
skidrow Margin calls - weak holders - forced selling - happens when markets are falling
Anonymous Coward
User ID: 79661791
United States
09/22/2022 08:39 PM
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Re: Why are gold prices down?
Oh, geez, another victim of public educaton.

Numerator over denominator.

the Denominator is the USD.

The USD index is at a high it hasn't seen in over 20 years.

Math, fella.
paramedic

User ID: 71011922
United States
09/22/2022 08:41 PM
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Re: Why are gold prices down?
Cause you can’t eat gold
Anonymous Coward
User ID: 78044245
09/22/2022 08:42 PM
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Re: Why are gold prices down?
That's normal in clown world. Should a hot worldwide nuclear war happen it will go to zero. Of course just in clown world.

pennywise
Crypto-Tard

User ID: 78144147
United States
09/22/2022 08:43 PM

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Re: Why are gold prices down?
The price of anything, denominated in a fake currency that can be printed at will, can be made to be anything.

Until people no longer accept the fake money.

benjamin meme
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
User ID: 80935529
United States
09/22/2022 08:51 PM
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Re: Why are gold prices down?
$1300 coming with one more printathon to add liquidity in order to fool the niave and gullible that they solved and saved them, the end.
Anonymous Coward
User ID: 83624496
United States
09/22/2022 08:54 PM
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Re: Why are gold prices down?
The price is gonna dump pretty hard

I'm ready to buy at $400
Anonymous Coward
User ID: 82589286
United States
09/22/2022 08:54 PM
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Re: Why are gold prices down?
Because the antimatter engines haven't been built yet.
Anonymous Coward
User ID: 75472186
United States
09/22/2022 08:55 PM
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Re: Why are gold prices down?
THEY SUPPRESS THE PRICE BUT, ALSO.... THEY DO ADD MORE TO THE MARKET EACH YEAR. MORE TONS AND TONS OF GOLD ARE REFINED. UH..
Anonymous Coward
User ID: 78044245
09/22/2022 08:57 PM
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Re: Why are gold prices down?
The price is gonna dump pretty hard

I'm ready to buy at $400
 Quoting: Anonymous Coward 83624496


you mean with the new $, the one where you pay $400 for a mac-mansion ?

epiclol
CDC ATL

User ID: 83825898
09/22/2022 09:01 PM

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Re: Why are gold prices down?
Dollar up and markets down ppl tend to cover
History never repeats itself, but it does often rhyme
Anonymous Coward
User ID: 72629166
United States
09/22/2022 09:03 PM
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Re: Why are gold prices down?
The market is flooded with 'paper gold' that doesn't actually exist. That's how they flood the gold market. It is fraud.

Demand physical gold!
Dustybunny

User ID: 80614444
United States
09/22/2022 09:05 PM
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Re: Why are gold prices down?
How do we force an audit? I want proof of physical to cover their paper derivatives.
“You may live to see man-made horrors beyond your comprehension.” - Nikola Tesla
Anonymous Coward
User ID: 84227855
Australia
09/22/2022 09:54 PM
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Re: Why are gold prices down?
Derivatives markets are pushing price of everything down.

Sure people are selling the real stuff, whether it’s stocks, metals, crypto whatever.... people are selling the actual assets but derivatives price pressure is almost always to blame for shit like this.

Should be illegal.
Anonymous Coward
User ID: 84240981
United States
09/22/2022 09:57 PM
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Re: Why are gold prices down?
Cause you can’t eat gold
 Quoting: paramedic


Hey ding dong: you can't eat paper currency either but guess what? Both can be exchanged for goods and services.

Anonymous Coward
User ID: 81003523
Canada
09/22/2022 09:59 PM
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Re: Why are gold prices down?
Strong dollar can buy more gold on international market.
Anonymous Coward
User ID: 82707475
United States
09/22/2022 10:05 PM
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Re: Why are gold prices down?
Oh, geez, another victim of public educaton.

Numerator over denominator.

the Denominator is the USD.

The USD index is at a high it hasn't seen in over 20 years.

Math, fella.
 Quoting: Anonymous Coward 79661791


hesright

Nothing more to say in this thread. Dollar is strong beyond words and gold is in the shitter. Period.
Anonymous Coward
User ID: 83451304
United States
09/22/2022 10:16 PM
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Re: Why are gold prices down?
Oh, geez, another victim of public educaton.

Numerator over denominator.

the Denominator is the USD.

The USD index is at a high it hasn't seen in over 20 years.

Math, fella.
 Quoting: Anonymous Coward 79661791


Im curious how do you know OP went through public education? Did you go to private school? Did it teach you to assume things and be a judgmental prick?
Anonymous Coward
User ID: 83451304
United States
09/22/2022 10:18 PM
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Re: Why are gold prices down?
Oh, geez, another victim of public educaton.

Numerator over denominator.

the Denominator is the USD.

The USD index is at a high it hasn't seen in over 20 years.

Math, fella.
 Quoting: Anonymous Coward 79661791


hesright

Nothing more to say in this thread. Dollar is strong beyond words and gold is in the shitter. Period.
 Quoting: Anonymous Coward 82707475


The dollar being strong has nothing to do with why gold is being beaten down. It’s not like a dollar can buy you any more than it did before of any other commodity. You must be another private school prick. Gold is being artificially kept down and controlled with all the power contracts and futures markets as others have stated.
Anonymous Coward
User ID: 23740487
United States
09/22/2022 10:22 PM
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Re: Why are gold prices down?
margin calls folks raising cash
Anonymous Coward
User ID: 68232815
Canada
09/22/2022 11:10 PM
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Re: Why are gold prices down?
Who gives a fuck, let's hope it drops below $1000.

The buying opportunity of a lifetime;)


The dumb motherfuckers are buying crypto, real estate, stocks and bonds. They will wish they had bought gold..
Anonymous Coward
User ID: 84140716
United Kingdom
09/23/2022 03:24 AM
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Re: Why are gold prices down?
The price of anything, denominated in a fake currency that can be printed at will, can be made to be anything.

Until people no longer accept the fake money.

:benjamin meme:
 Quoting: Crypto-Tard


Arent they getting rid of cash in the US this year? Just gonna have govt controlled deigital money from what I seen. Not ggod, even worse than cash.
Anonymous Coward
User ID: 80603391
Netherlands
09/23/2022 03:52 AM
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Re: Why are gold prices down?
Cause you can’t eat gold
 Quoting: paramedic


Typical answer of a dumbass who does not have any gold.....
ranjmaz

User ID: 77624304
United States
09/23/2022 04:41 AM
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Re: Why are gold prices down?
Oh, geez, another victim of public educaton.

Numerator over denominator.

the Denominator is the USD.

The USD index is at a high it hasn't seen in over 20 years.

Math, fella.
 Quoting: Anonymous Coward 79661791


Yip, kinda simple.
Anonymous Coward
User ID: 80983340
09/23/2022 04:46 AM
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Re: Why are gold prices down?
Oh, geez, another victim of public educaton.

Numerator over denominator.

the Denominator is the USD.

The USD index is at a high it hasn't seen in over 20 years.

Math, fella.
 Quoting: Anonymous Coward 79661791


The Dxy is over 112 this morning.
The dollar is mooning.

Wait until the bitcoiners finally figure this out.

BTC is gonna get REKT.
Anonymous Coward
User ID: 84232229
United States
09/23/2022 04:56 AM
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Re: Why are gold prices down?
Because a certain group is making gold with lasers using phase conjugation... Light is matter synthesis.

Keys to Midas's vault as simple as a hologram sample.......
Anonymous Coward
User ID: 84142752
United States
09/23/2022 05:04 AM
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Re: Why are gold prices down?
During a depression, you can't eat gold. And nether can you sell it because nobody has any money to buy it. At best you might get 10% what you paid for it if the buyer realizes you're starving and desperate.

Also, after another world war and plague, there will be a surplus of available gold for sale after 90% of the world's population no longer exists.

Best thing to invest in now is a safe haven. Land. Farmable land. Forested land too (trees for heating fuel). And land far enough away from those that would want to harm you and take what you have from you. You'll want a good well on that land too. Act fast, time is running out to do so.
Anonymous Coward
User ID: 83958754
United States
09/23/2022 06:06 AM
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Re: Why are gold prices down?
Paper manipulation by you know who.





GLP