Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Here's What Actually Makes the Price of Gold Go Up" video.

  1. Global Economic History tells a different story. Both gold and silver prices collapsed in Europe because of Supply exceeding demand. Musa Musa collapse the value of gold when he went on pilgrimage to Mecca. He spent or gave away so much gold as he travelled there, it's price fell. Likewise when the Spanish started selling the silver mined in their new Colonies in the Americas in Europe, it collapsed the price of silver. Finance and monetary economics are related, but they are different. Yet, they inform each other, and in this case, economics understanding that supply and demand shifts price applies to currencies based on precious metals as much as fiat currencies. Indeed, why did the reintroduction of the Gold Standard in Britain create an economic crisis in the early 1920's? Why? Because the value of Sterling was set too high against gold, and it did not have enough gold in its reserves to pay for imports, having used it to settle its war debts to the US. This is the reason why that Gold is untenable as the sole form of international money. Nobody wants a world where one has to compete for a limited supply of gold or silver in order to trade for imports. That's was a basis for global wars, and it still would be now. And the idea that precious metals are immune to price changes, which of course, is what inflation and deflation are, is untrue simply because of the effect of demand and supply is impossible to avoid when anything is traded.
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  2. No; simply because gold is inefficient as a medium of exchange relative to bank money. Bank money can travel around the world by the time you could present your gold coins at the till.
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  3. Gold is not money. It's a commodity.
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  4. Students go to university to learn something. So why are you here?
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  5. Not really. Once the cycle turns gold will fall. It's just when.
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  6. Chicken or the egg? Or you back filling?
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  7. But here you are 'suffering', but not enough to relieve yours.
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  8. But people do, because they have the money to make that investment worthwhile. And they can perhaps learn how to invest it better. It's not like he still doesn't get memberships, and earn a living. And if what he's providing doesn't help, anyone can leave, right? That's why you're trying hard to persuade them...
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  9. But can they really? The irony is the world has limited resources of energy, and there are places in the world that you can't use digital money, because you don't have the Internet everywhere. Why? Because it costs money to set up the infrastructure. Fix that problem, and then you might have a point. But not yet.
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  10. Not really. The facts are already there to see, as the price of gold is denominated in USD historically, and you can translate that into inflation-adjusted figures. When gold is more efficient than bank credit as a medium of exchange, it could replace it. But it's not.
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  11. The BRICS meeting didn't do anything that wasn't going to happen anyway.
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  12. Not as strange as this one.
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  13. Really these are two examples of what you don't understand about what influences the price of gold.
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  14. But hedge funds don't invest in gold. They invest in the Eurocurrency Markets. Now to you understand why it's strange you are pretending to be an investor to attempt to troll Jeff? Everutime you do it it's obvious to anyone who is familiar with the subject that you're not here to make money. You're here to make him lose money.
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  15. And you have been trained badly, if I've been trained well. Yes?
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  16. Then you should be watch Girl with the Dogs. She's a brilliant groomer. And your comment reminds me of the last animal she groomed. A relatively new bred with wonky whiskers, and needing it's sanitary area to be shaved, because the amount of dingleberries it that were resistant to bathing. It couldn't keep itself clean. Poor thing.
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  17. What was the price movement of gold in the period before World War II? What was it after the US had the world's largest reserves of gold on the planet between 1945 to 1950? What was the US national debt in real terms?
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  18. Because it isn't true. What stressed the European economies was the fallout from Ukraine, energy prices, and Chinese economy failing to find momentum post-Covid. That itself is a consequence of a moribund global economy since 2008, which in turn is driving the reshoring trend. Why? Because another period of deindustrialisation is politically untenable in Europe, and its car and luxury goods manufacturers are losing Chinese sales as that economy slows down. This is what an economic cold war looks like. And neither side is willing to really deal with the real issues.
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  19. Not true. The West has always traded with the Far East, and it's money would be moving with the merchants travelling from East to West and versa, and the Mediterranean was the region that allowed African commodities to reach the west. And if you looked at a globe how Spain's problems became everyone else's by the logistics of Trades in between markets and the knock on effects of the deflation of silver. Especially as some large commodity suppliers only took payment in Gold or silver like China. Economic History seems not to inform investors, and so beliefs are thought to trump facts. If you understood NY even bigg traders like China who loved silver and gold, still had to resort to paper money, just like the goldsmiths in Europe. And until gold can travel around the world as fast as bank credits, it is no longer logical to consider it as money. Yes, you can sell it for money, but you can't use it without intermediate steps, costs time and money. And as international money it's lack of liquidity relative to other forms of money, and it's inability to allow national economies to manage inflation easily, makes it a has been as international money. We need to step away from national currencies as international money. And the technology is already there to do so, but the faith isn't. Nobody trusts anyone anymore, so there are few nations which would be prepared to deal in a currency that was open but not controlled by governments. But we haven't evolved to be the kind of world where that would happen.
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  20. Eurodollars are the USD created outside the United States by financial enterprises making loans denominated in USD. It's the most prominent and most influential eurocurrency, (euro in this context meaning offshore) but it's not the only one. There are 4 major eurocurrencies in which loans are most often denominated in Eurodollar, Euroeuro, Eurosterling or Europound, and the Euroyen. Other than China, these are the largest financial markets in the world. So, theEurodollar won't be going anywhere. What may change is the volumes traded may fall, but not by much. Rather the demand for USD may fall. But as long as there is a need for some type of international money backed by strong and open economies, eurocurrencies aren't going anywhere.
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  21. That's life.
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  22. Lol. Did he need to use sign language?
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  23. Yep, but by the time you do that the haircut you take on the price, may dissuade you from going down that route. O mean, you could sell your body on the street, why not a kidney too. But try sending it by Western Union. And that's what you with your hair cut refuses to acknowledge. Perhaps that's why Jeff can afford to keep his hair how he wants. Perhaps He doesn't need to take hair cuts when he needs financing like the people who use pawn shops.
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  24. It's not really an alternative view. It's a narrow focus on one factor that does impact sentiment around gold. People shift into gold because of uncertainty, not because it has provided regular returns. Gold going up is another indicator that investors are looking for safety rather than value.
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