alt Hacker NewsNot really. It has more to do with gold is now worth almost 3x what it was 2 years ago.
And before you get too excited, this "news" from the World Gold Council. A consortium of gold mining corporations. Clearly it's a pump article "have you bought gold yet? everyone else is! why not you!?!?"
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chronc6393 • today at 9:33 AM
> It has more to do with gold is now worth almost 3x what it was 2 years ago.
And why is it worth 3x?
But S&P500 is not?
consumer451 • today at 4:43 AM
Are you saying that the USA is doing just great and there is nothing for anyone to worry about?
Are you saying that the price of gold just spontaneously went up?
From over hear it seems like the age of Pax Americana is over, and gold at ~$4,600 is one of the results.
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Not really. It has more to do with gold is now worth almost 3x what it was 2 years ago.
It's not like we've suddenly found new and exciting uses for gold though. The reason the price has gone up is because the demand for it has gone up, and the reason why demand has gone up is because people want an alternative to U.S bonds. A bunch of pump articles wouldn't be enough to lead to a 3x price increase.