Gold Price - Where is it heading?

[Garpal Gumnut]

Having an audit done is only going to restore confidence to the market if the gold is actually all there. I give it a greater than 50% chance that it's not, and that becoming public knowledge would be catastrophic for the markets.

It really says a lot about this world when an underground vault containing Shrodinger's gold which either way will not be used for anything other than sitting there doing nothing, will cause such such a dramatic outcome if it is observed.

It is what it is, but the audits not happening for so long make me think the gold is gone. No one is ever going to steal it with a direct guns blazing robbery so stories like 'thieves may learn the layout if someone goes in to audit' are very silly excuses. Does anyone genuinely not see that a very, very lengthy period of 'That extraordinarily valuable stuff I'm guarding is totally still there, but I won't allow you to check, just believe me' is reason to think it's likely not there?

Thanks @Sdajii . I like the concept of Schrodinger’s Gold which is new to me. Historically gold was kept hidden from the masses only appearing when weapons needed to be bought or men paid for war. Nowadays the payments for war are run off spreadsheets so the Fort Knox as you allude to, could be anywhere, leased, mortgaged, stolen or turned in to paper.

gg

 

[Sdajii]

Thanks @Sdajii . I like the concept of Schrodinger’s Gold which is new to me. Historically gold was kept hidden from the masses only appearing when weapons needed to be bought or men paid for war. Nowadays the payments for war are run off spreadsheets so the Fort Knox as you allude to, could be anywhere, leased, mortgaged, stolen or turned in to paper.

gg

Glad you liked it, I just made it up on the spot while typing. Quite proud of it actually, I think I'll go buy myself an ice-cream as a reward. No sprinkles though because in my haste I misspelled Schrodinger; it did look wrong but I didn't bother to check.

 

[Garpal Gumnut]

Glad you liked it, I just made it up on the spot while typing. Quite proud of it actually, I think I'll go buy myself an ice-cream as a reward. No sprinkles though because in my haste I misspelled Schrodinger; it did look wrong but I didn't bother to check.

Pen a letter to the WSJ, I’m sure they would print it. Let me know should you do. It describes exactly the situation we are in without having to get a PhD in the Philosophy of Science or Finance. This is the story of my life, never a genius nor achieved great things, but close to those who did, which is really just as good.

https://www.wsj.com/articles/letter-to-the-editor-wsj-how-to-submit-wall-street-journal-guidelines-11647960749

gg

 

[Garpal Gumnut]

Once the criminals begin stealing Golden Loos you know the precious metal is on a tear higher.

Blenheim Palace £2.8m gold toilet stolen in minutes, court hears

Three men are standing trial over the theft of the gold toilet which had been part of an exhibition.

www.bbc.com

gg

 

[finicky]

never a genius nor achieved great things, but close to those who did,

You make me blush Garpal

 

[divs4ever]

It is what it is, but the audits not happening for so long make me think the gold is gone.

i am not sure about ( totally ) gone

but i suspect there are major anomalies , stolen gold , maybe , impure gold , probably some ( too many bars to test properly in earlier times )

now the question is , IF there are glaring anomalies , how long have some known about them

and also there is a major risk that others have ownership claims over some or all of the gold

 

[Sdajii]

i am not sure about ( totally ) gone

but i suspect there are major anomalies , stolen gold , maybe , impure gold , probably some ( too many bars to test properly in earlier times )

now the question is , IF there are glaring anomalies , how long have some known about them

and also there is a major risk that others have ownership claims over some or all of the gold

It's probably not *all* gone and sure, what's been removed has likely been replaced with fake bars rather than leaving empty space.

My guess it that those at the top have known for a long time and would rather leave it in the too hard basket, under the rug, waiting for some time in the distant future for it to be discovered, hence the lack of audits and transparency.

Given the fallout which would follow a public declaration of it being missing, I'd prefer it remain as Schroginger gold than a publicly observable audit. Sure, the price of gold would probably rally, and I have absolutely no doubt it would rally super hard in American dollars, but I'm not sure it would make any of our lives better.

I don't think most people realise how much their lives depend on the USA remaining in #1 position, or if they collapse and the current #2 runs the show, what level of genocidal horror they will experience. I don't especially like the USA, but the alternative is worse than our worst nightmares.