What is driving gold prices to new heights?

Gold (GC=F) prices are soaring to record highs as investors turn to the precious metal as a safe haven in anticipation of a Federal Reserve interest rate cut in September. Gold currently sits above $2,500 per ounce, meaning a single bar of gold (400 ounces on average) costs $1 million.
Yahoo Finance senior markets reporter Ines Ferré breaks down the details and discusses the factors driving this price surge and inflows into gold ETFs.
#youtube #news #gold

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Gold is the safest investment with very respectable returns.

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[trailguy]

Gold keeps up with money creation. Not in lock step, but it eventually always happens which is why Biden, Lincoln, Washington and even Julius Caesar all can use one gold coin for a nice new suit of clothes. Trading paper money for gold right after a 4 year period that saw almost half of world currency creation in all of history is a winning idea.

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In an age of AI gold will be replaced by digital currency. Gold will be just a shiny rock.

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[oscarwindham]

The actual value of gold is about $40 to maybe $80 per troy ounce, and that's where it is headed after dipping to about $20 per troy ounce, in my opinion, and all of this will happen when it becomes impossible to deny the fact that we now routinely electronically generate we the peoples' $s in order to meet federal expenditures without any real negative consequences, and without one cent of federal tax revenue $s being involved.
I just wish I had a few million $s to where I could short gold.

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Inflation, of fiat currencies! From deficets spending

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Gold… look at its value over the last 50 years…
Then look at silver… almost no real increase…
Then look at FOOD… yes, my meat has gained more value than gold.

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US is printing money endlessly. Gold will hit 3k per troy ounce and stable once US passes 40 trillion national debt... which is going to happen after 500 days...

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