Gold prices hit record high. What is fueling the surge?

Gold is at an all-time high and now worth nearly $2,400 an ounce. That is almost a $600 increase over the past six months. Even Costco is selling gold bars. So what's fueling the surge? Scott Budman reports. #gold #costco

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[peterponcedeleon]

Inflation is fueling gold. Not political unrest. It’s inflation.

[middleguy]

Inflation and shrinking value of the dollar.

[SC-peir]

Since the US gov is printing 1 trillion every 100 days. Once it becomes every month we are officially in hyperinflation. Why do you think wars are ramping up?

[CryingOrc]

1:36 this box alone is worth about $1.4M.

[yassma]

gold is still undervalue it should be at 20 000$

[craigenputtock]

It's not that gold is hitting new highs, it's that the dollar is hitting new lows in value.

[mr.b]

I thought everyone had some gold bullion, till I started talking to people and no one even knows anything about gold.

[jgnmtz]

My prediction is Gold spot price will reach $3000 by end of year . Globally, gold is the best store of value in terms of exchange . No fiat can match it . Thousands of years, GOLD! Just my opinion

[simd]

Inflation ain't going back down and it never will. People understand this

[MrMountain]

But I thought inflation was TRANSITORY?...

[sikulturkoboi]

it is global de-dollarization trend...

[cbrave]

Inflation is fueling gold nothing else and Government spending is fueling Inflation nothing else!Government should be half its size!

[Tsunseyu]

Platinum! The precious metals play that no one is thinking about?

[trailguy]

Funny to focus on gold selling when prices are going up. People are BUYING gold and depleting storage supplies. The people who are selling are in the minority.

[FactsofMotivation]

Experts been talking 5k gold for a while. Regardless its save to say that with current inflation it does hurt to have a little of everything. Silver, gold, BTC.

[jgnmtz]

Gold prices will continue to rise, IMO. It’s no secret the National debt is increasing by $1 Trillion every 100 days on avg . Fiat currency is failing on the global exchange, regardless of what the propped up indexes say . Nobody is buying at our U.S. bond auctions .. Powell will go down in history as the greatest failure, globally, overseeing the fall of what was expected to be a permanent mode of payment /value, IMO.

[MarkMphonoman]

Gold has the public’s eye and momentum. It is about time.

[siiwok]

NEM is undervalued still...get while you can..buy GLD and or DGP for ETF

[Jackson-lr]

What does credit buy for those who have complete control over its system? Ethics? Morals? Nah…

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How does gold solve this?

[crashtheimf]

Random walk of prices we could eaily see 4000 before year end