Comments on: Gold Logs New, Nearly 2.5-Year Low https://www.coinnews.net/2022/09/26/gold-logs-new-nearly-2-5-year-low/ CoinNews delivers the latest World and US coin news Wed, 28 Sep 2022 22:33:51 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Rich https://www.coinnews.net/2022/09/26/gold-logs-new-nearly-2-5-year-low/#comment-514820 Wed, 28 Sep 2022 22:33:51 +0000 https://www.coinnews.net/?p=92387#comment-514820 In reply to Jeff Legan.

Sir Kaiser, the points you make are on the mark with respect to “the correlation between the rate of global gold mining production and the rate of global population growth” versus “the correlation between the rate of global gold mining production and the rate of global wealth (money) growth.” The global balance sheet and net worth more than tripled between 2000 and 2020; Assets grew from $440 trillion in 2000 to $1,540 trillion in 2020, while net worth grew from $160 trillion to $510 trillion; The world’s wealth or net worth as measured by the value of real assets has risen some $350 trillion in the past two decades (Nov 15, 2021). Since 2010, global gold mining has increased by 26% while the global population grew by 14% and global wealth (money) has increased by over 100%.

]]> By: Rich https://www.coinnews.net/2022/09/26/gold-logs-new-nearly-2-5-year-low/#comment-514803 Tue, 27 Sep 2022 22:37:55 +0000 https://www.coinnews.net/?p=92387#comment-514803 In reply to Jeff Legan.

Jeff, these articles, like today’s Reuters article “Gold will keep losing its irrational luster” and yesterday’s Wall Street Journal article “Gold Loses Status as Haven,” without exception, always appear at the bottom of a market.

]]> By: c_q https://www.coinnews.net/2022/09/26/gold-logs-new-nearly-2-5-year-low/#comment-514801 Tue, 27 Sep 2022 18:37:33 +0000 https://www.coinnews.net/?p=92387#comment-514801 so much for that inflation hedge…

]]> By: Jeff Legan https://www.coinnews.net/2022/09/26/gold-logs-new-nearly-2-5-year-low/#comment-514800 Tue, 27 Sep 2022 18:18:28 +0000 https://www.coinnews.net/?p=92387#comment-514800 There was an article from Reuters Breakingviews on my news feed today titled “Gold will keep losing its irrational luster”. The main point of the article seemed to be that the Gold Miners have been mining Gold at a rate greater than population growth since 2010. Mining has increased by 26%, while population grew by 14%. The article stated there are currently 205000 tons of gold above ground.

]]> By: Antonio https://www.coinnews.net/2022/09/26/gold-logs-new-nearly-2-5-year-low/#comment-514782 Mon, 26 Sep 2022 23:26:16 +0000 https://www.coinnews.net/?p=92387#comment-514782 In reply to Rich.

Ouch. Silver <$18.

]]> By: Rich https://www.coinnews.net/2022/09/26/gold-logs-new-nearly-2-5-year-low/#comment-514781 Mon, 26 Sep 2022 23:05:19 +0000 https://www.coinnews.net/?p=92387#comment-514781 In reply to Antonio.

After last Friday…

]]> By: Antonio https://www.coinnews.net/2022/09/26/gold-logs-new-nearly-2-5-year-low/#comment-514777 Mon, 26 Sep 2022 19:46:36 +0000 https://www.coinnews.net/?p=92387#comment-514777 Yep, keeps dropping. Just hold on, it’ll bounce back up.

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