Gold Price Performance USD
Change
Amount
%
Today
-91.42
-2.75%
30 Days
+116.95
+3.64%
6 Months
+745.19
+28.87%
1 Year
+987.80
+42.24%
5 Year
+1,609.36
+93.73%
20 Years
+2,905.34
+690.17%
goldprice.org - 18:18 NY Time
Me thinks gold long term doesn’t pose a risk as a store of wealth on the contrary its worth holding (see chart) and especially when you convert to AUD plus 24 hours doesn’t warrant a panic as the phoney tariff wars are one big red herring. e.g. All China has to do is revalue its fixed price currency to overcome any shenanigans about the impact of tariffs on trade imbalances.
The world is closer to a combined private/public debt of US$400T. We simply have a global DEBT/CREDIT crisis! Full Stop! We need not look no further to the devaluation and loss of hegemony of the USD as the worlds reserve currency for POG to go up!
BASEL III (gold is now a Tier 1 asset) , $7T of bonds to be refinanced June/July 2025, just released 13/5/25 an increase by $5T in debt ceiling to finance US tax cuts. What can go wrong for the USD?
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