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Unemployment to go through the roof?

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  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    Keep your eye on the price of gold.
    It is about to go through the roof.
    This will give you an idea about the price a loaf will reach.
    I reckon about fifty quid in two years but it depends what gold does.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    The price of gold going up and down is an illusion.
    It does neither.
    It stays the same for generation after generation.

    That's why you can use it as a measure to watch the price of a loaf or any other commodity.

    A politician two thousand years ago in the Roman senate has an ounce of gold in his pocket when he goes shopping.
    His ounce of gold buys him a fine quality suit of clothes ...some very nice quality shoes and a hat ...maybe a cheap piece of jewellery to go with it.

    A hundred years ago a bank manager could buy with an ounce of gold ...a fine suit a very nice pair of shoes a hat and maybe a cheap bit of tat to go with it.

    Today ...a footballer can buy with an ounce of gold ...exactly the same as those before him.

    Gold retains it's value.
    When you think it is going up it isn't ...it's the value ...or perceived value ...of paper money that's going down.

    It can be manipulated for sudden swings in value on the markets by flooding the market or starving it but these are manipulations of reality and the gold always goes back to retaining it's value.
    An ounce of gold will always buy the same so should it reach two thousand dollars an ounce this year ...very probable ...check the price of a nice quality suit ...pair of good shoes and a hat ....and a loaf too.
  • Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
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