Gold price19 Jan 2023 14:50
The gold price is stubbornly refusing to drop back into the $eighteen hundreds to make way for the main bull run of 2023, up to and over $2,000. And that’s with no particular news. If any shocks come in, such as inflation taking off (no-**** Sherlock). Governments are saying inflation is going down and under control. It hasn’t even started yet and everybody knows that. Then gold could go much higher.
Back of *** packet calculation.
Pay rises are interesting- if, increasing benefits to the none working part of the population by 10% is the UK Government’s bendmark for keeping up with prices. You have to increase wages by about 19% to receive 10% after tax (For the working Population). After that you’re looking at $2,500 gold. Rinse and repeat and you get nearer $3,000 gold.
Any fancy stuff like the Global Reset, world financial meltdown and bad stuff like the Ukraine war expanding into Europe gold goes a lot higher.