Gold prices in insane now and is a result due to over printing of money.

[jericho75]

I remember walking to my town centre neigbourhood gold shop and the sign there stating 916 = $19.2 per gram. 999 gold was $22-23 per gram. This was many years ago before year 2008?

2007 i went to maybank asked one kg of gold cost how much and was told 27k.

Now gold prices is

Gold Purity	Approximate Price per Gram (SGD)
999 Gold	$210 - $216
916 Gold	$197 - $203

This is the result of unlimited printing of money from central banks like fed since 2008 causing such inflation. They seems to be scared of recession and everytime something happens, they will try to print themselves out of trouble and the end results is what that is happening now.

 

[cyke69sg]

I remember walking to my town centre neigbourhood gold shop and the sign there stating 916 = $19.2 per gram. 999 gold was $22-23 per gram. This was many years ago before year 2008?

2007 i went to maybank asked one kg of gold cost how much and was told 27k.

Now gold prices is

Gold Purity	Approximate Price per Gram (SGD)
999 Gold	$210 - $216
916 Gold	$197 - $203

This is the result of unlimited printing of money from central banks like fed since 2008 causing such inflation. They seems to be scared of recession and everytime something happens, they will try to print themselves out of trouble and the end results is what that is happening now.

Covid time especially.

 

[touchring1]

This is the result of unlimited printing of money from central banks like fed since 2008 causing such inflation. They seems to be scared of recession and everytime something happens, they will try to print themselves out of trouble and the end results is what that is happening now.

Gold is going up because someone is printing a lot of money but it's not the Fed. The problem with gold is it can go down in a market sell off, and can potentially fall as much as stocks because the supply is almost unlimited - almost everyone can sell their gold.

Rare earth is more valuable.

 

[jericho75]

Covid time especially.

the printing is ridiculous during covid.

now us debt 38 trillions.

 

[uponly]

It's also the result of US freezing Russia's money (in USD) due to the war.

China saw it and accelerated their dumping of USD and they (+Russia and other majors) kept buying gold by the thousands of tonnes annually.

Within decades they (China, Russia, India, and allies) will get rid of most of their hordes of USD (look at how pounds lost its value after losing their status as a great power).

Many many contributing factors, and in the end I think a nuclear war is inevitable but I hope it doesn't happen in mine and your lifetime.

 

[jericho75]

Gold is going up because someone is printing a lot of money but it's not the Fed. The problem with gold is it can go down in a market sell off, and can potentially fall as much as stocks because the supply is almost unlimited - almost everyone can sell their gold.

Rare earth is more valuable.

if fed dun print then i worry. 38 trillions debts never print got money

 

[Corba2001]

I remember walking to my town centre neigbourhood gold shop and the sign there stating 916 = $19.2 per gram. 999 gold was $22-23 per gram. This was many years ago before year 2008?

2007 i went to maybank asked one kg of gold cost how much and was told 27k.

Now gold prices is

Gold Purity	Approximate Price per Gram (SGD)
999 Gold	$210 - $216
916 Gold	$197 - $203

This is the result of unlimited printing of money from central banks like fed since 2008 causing such inflation. They seems to be scared of recession and everytime something happens, they will try to print themselves out of trouble and the end results is what that is happening now.

Hope you did took the opportunity and purchase them back then

 

[Visor9999]

Fed cutting interest rates, of coz gold prices will skyrocketing

 

[jericho75]

It's also the result of US freezing Russia's money (in USD) due to the war.

China saw it and accelerated their dumping of USD and they (+Russia and other majors) kept buying gold by the thousands of tonnes annually.

Within decades they (China, Russia, India, and allies) will get rid of most of their hordes of USD (look at how pounds lost its value after losing their status as a great power).

Many many contributing factors, and in the end I think a nuclear war is inevitable but I hope it doesn't happen in mine and your lifetime.

it is same like the last few empires, rome, spain, britain, ussr.

but serious if you print so much money then tariff dun trade with others. who wanna hold your money?

 

[jericho75]

Fed cutting interest rates, of coz gold prices will skyrocketing

they printed too much money.

 

[Visor9999]

the printing is ridiculous during covid.

now us debt 38 trillions.

Last time France in 18th century Toh becoz of high national debt. End up with French Revolution, USA eventually will follow history footsteps if left these debts unchecked

 

[jericho75]

Hope you did took the opportunity and purchase them back then

if buyed 27k now siao liao.

2 kg can go hdb buyed one 4 rm flat.

 

[cyke69sg]

It's also the result of US freezing Russia's money (in USD) due to the war.

China saw it and accelerated their dumping of USD and they (+Russia and other majors) kept buying gold by the thousands of tonnes annually.

Within decades they (China, Russia, India, and allies) will get rid of most of their hordes of USD (look at how pounds lost its value after losing their status as a great power).

Many many contributing factors, and in the end I think a nuclear war is inevitable but I hope it doesn't happen in mine and your lifetime.

I hope it happens soon

 

[jericho75]

Last time France in 18th century Toh becoz of high national debt. End up with French Revolution, USA eventually will follow history footsteps if left these debts unchecked

spain again. silver dollar diluted with copper. same like qe.

 

[freshvibes]

I remember walking to my town centre neigbourhood gold shop and the sign there stating 916 = $19.2 per gram. 999 gold was $22-23 per gram. This was many years ago before year 2008?

2007 i went to maybank asked one kg of gold cost how much and was told 27k.

Now gold prices is

Gold Purity	Approximate Price per Gram (SGD)
999 Gold	$210 - $216
916 Gold	$197 - $203

This is the result of unlimited printing of money from central banks like fed since 2008 causing such inflation. They seems to be scared of recession and everytime something happens, they will try to print themselves out of trouble and the end results is what that is happening now.

The price difference is absolutely insane

 

[touchring1]

I hope it happens soon

I see on reddit, a lot of Canadians looking for jod in Singapore. Is it really that bad?

Really, the economy is very good, depending on what you do. AI, data centers, infrastructure is doing very well. The US still can print a lot more before there's a slowdown. But by then, with the state of AI when labor is free, why do you need gold or even money. Money is used to buy cheap labor.

 

[cyke69sg]

I see on reddit, a lot of canadians looking for jod in Singapore. Is it really that bad?

Really, the economy is very good, depending on what you do. AI, data centers, infrastructure is doing very well.

Yes is very bad. SG is doing so well yet you guys complain so much. Crazy.

 

[jericho75]

The price difference is absolutely insane

ya. now even u wanna buy gold chain also can forget it liao.

 

[jericho75]

Yes is very bad. SG is doing so well yet you guys complain so much. Crazy.

if usd up lorry. i think no place is safe lah.

 

[touchring1]

Yes is very bad. SG is doing so well yet you guys complain so much. Crazy.

Our past time is to complain.