• 766 days Will The ECB Continue To Hike Rates?
  • 767 days Forbes: Aramco Remains Largest Company In The Middle East
  • 768 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,168 days Could Crypto Overtake Traditional Investment?
  • 1,173 days Americans Still Quitting Jobs At Record Pace
  • 1,175 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,178 days Is The Dollar Too Strong?
  • 1,178 days Big Tech Disappoints Investors on Earnings Calls
  • 1,179 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,181 days China Is Quietly Trying To Distance Itself From Russia
  • 1,181 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,185 days Crypto Investors Won Big In 2021
  • 1,185 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,186 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,188 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,189 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,192 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,193 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,193 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,195 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

So What's Different About $1500 Gold...?

The golden constant stands out amidst the US Dollar's latest plunge...

So what's different about gold at $1500 per ounce...?

Nothing. Absolutely nothing. There's no more or less of it in the world today than there was a day or a week ago, and very little more than a month ago. There's barely 15% more today, in fact, than there was a decade ago at $270.

Gold still has very few industrial uses - only 11% of 2010 global demand - and the stuff remains indestructible. It never changes or does anything. Hell, it won't even rust.

Gold vs Dollar Chart

But what is changing is everything else - the volume and quality of debt, in particular, and the volume of US Dollars most especially. That's what make the golden constant stand out against the noise of the Dollar's latest plunge.

 

Back to homepage

Leave a comment

Leave a comment