"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 2 hours Meet The Hedge Fund Billionaires Club
  • 3 hours The Next Housing Crisis Could Be Right Around The Corner
  • 4 hours Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
  • 5 hours Africa’s Fastest Growing Economy
  • 6 hours The Blockchain Boom Hits The Utilities Sector
  • 8 hours Why Smart Money Is Selling Off Right Before The Bell
  • 10 hours Tech Giants Rally Ahead Of Earnings Reports
  • 1 day Global Debt Hits 225% Of GDP
  • 1 day The World’s First Trillionaire Will Be A Space Miner
  • 1 day How Student Debt Could Cause The Next Real Estate Crisis
  • 1 day This $550 Billion Industry Is Betting On Bitcoin
  • 1 day One Commodity Set To Soar On Russian Sanctions
  • 1 day China’s New Car-Market Rules
  • 1 day Oligarch Risk: The New Red Flag For Investors
  • 2 days Five Things To Consider Before Investing In An IPO
  • 2 days Investors Bullish As Earnings Season Kicks Off
  • 2 days Nearly One-Third Of U.S. Lottery Winners Declare Bankruptcy
  • 2 days Is Facebook Still A Buy?
  • 2 days Will Blockchain Stocks Ever Bounce Back?
  • 2 days Geopolitical Tensions Fail To Boost Gold Prices
Adrian Ash

Adrian Ash

Formerly City correspondent for The Daily Reckoning in London and head of editorial at the UK's leading financial advisory for private investors, Adrian Ash is…

More Info

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