Explain to me why gold is so cheap?
>http://www.zerohedge.com/news/2017-07-03/silver-now-offered-discount-report-2-july-2017
>http://www.marketindex.com.au/gold
>http://www.economist.com/node/139987
>https://www.nytimes.com/2017/03/07/world/europe/wikileaks-cia-hacking.html
>>132269343
Please archive those
>http://nytimes com/2017/03/07/world/europe/wikileaks-cia-hacking.html
https://archive.is/nY9Hs
Divide this by the amount of gold. Often, this is supposed to be the amount of gold held by the Fed itself, some 8,133 tons or 261.5 million ounces. The answer comes out to $13,400 per ounce.
Or, you could take global M2 money supply of about $70 trillion and divide by total known gold stocks of 180,000 tons or 5.79 billion ounces, which is $12,000 per ounce.
It doesn’t work that way. Each ounce of gold is not a bucket, to collect its pro rata share of the dollar rainwater that falls out of the sky.
>>132269396
sorry first time posting a thread