Miserable Economic Outlook Could Yield Record Gold Prices

Gold prices ticked past $1,800 an ounce this week, and are now not far from the all-time highs reached in 2011, in the bleak aftermath of the financial crisis. New records could be ahead.

Since the financial crisis, the movement of gold prices has been a near-mirror image of movements in the yield on 10-year Treasury inflation-protected securities, which this week touched a seven-year low of minus 0.78%. The ratio between the two assets’ price moves has varied, but the relationship hasn’t broken meaningfully during the past...

Gold prices rising because ppl are freaking out 🙄 imagine if ppl realized that all of this is a social construct. Paper money, gold, diamonds etc. only hold vaule because someone decided it should. 😂Pebbles could be worth millions if society agreed on it. Land could be free!

Heard on the Street: Gold prices aren’t far from the record reached in the bleak aftermath of the financial crisis. New highs could be ahead.

Pretty gold.... 😳

If you consider that we are going through a once-in-a-century pandemic and that the world economy is at its worst shape since WWII, then gold's rise seems...lukewarm, to say the least.

Why is silver such a laggard? Normal ratio gold to silver is 50 to 1. Now it's 100 to 1. What gives?

roger. selling gold - confirmed

I feel most rise in gold prices already happened till April..

With clueless RBI mishandling the economic disaster and interest rates in freefall to all time low people find buying gold being a better option for returns in the long run.

nasertamimi المستغرب ارتفاع الذهب رغم ان هناك لايوجد حرب على ارض الواقع لكن يبدو الحرب هي حرب اقتصاد واتساع نفوذ اقتصادي بين القوى العالمية.

Awesome

wow thank you so insightful

Good news really

I love gold. It’s beautiful. 😍

GrantMBeasley Anti gold has a terrible yield:

And why wouldn’t it?! Having a bit of gold in your portfolio is especially today as true as ever

Hey askin for help is anyone willing to donate a $1 to my sister, nephew & I, I lost both my jobs due to COVID I filed for unemployment but waitin for the benefit and we dont have any food & bills comin up if you can help we would be super grateful Venmo or Cashapp MattMartins147

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