Gold hits fresh record high over trade war impact fears

[swissie]

On 4/17/2025 at 6:39 PM, Airalee said:

No, they haven’t.  China resumed buying this year.  You were already informed of this in another thread.   Why have you conveniently forgotten?

 

Oh dear.  You should really do your homework.

 

 

First of all, Gold tends to compensate for Dollar weakness mid-longer term.

 

But I am glad you posted above charts. It shows, that the recent bull run of Gold was not as beneficial for "non Dollar currency holders".
(Price of US$/Gold not showing).
 

Bankers, outside of the US are trying to explain to their customer why Gold has "only" appreciated by 10% recently.

 
They are also trying to explain to their customes that their US High-Tech shares have declined 10% plus 10% currency loss.

Non US investors have to take into account that precious metals, oil and US shares/threasuries are traded in US Dollars.

 

In other words, if you buy anything denominated in US Dollars, you buy the US Dollar simultainiously.

That's all I want to say concerning the international investment community. No more, no less.

 

[mogandave]

18 hours ago, swissie said:

First of all, Gold tends to compensate for Dollar weakness mid-longer term.

 

But I am glad you posted above charts. It shows, that the recent bull run of Gold was not as beneficial for "non Dollar currency holders".
(Price of US$/Gold not showing).
 

Bankers, outside of the US are trying to explain to their customer why Gold has "only" appreciated by 10% recently.

 
They are also trying to explain to their customes that their US High-Tech shares have declined 10% plus 10% currency loss.

Non US investors have to take into account that precious metals, oil and US shares/threasuries are traded in US Dollars.

 

In other words, if you buy anything denominated in US Dollars, you buy the US Dollar simultainiously.

That's all I want to say concerning the international investment community. No more, no less.

 

 

Your argument, if it is an argument, seems a bit silly. 

 

Demand drives the value of gold.

 

Sure, if the dollar moves, it affects cost in currencies not pegged to the dollar, but it does not affect the value, because unlike currency, gold has intrinsic value. 

 

 

 

 

 

 

 

 

 

 

 

[CallumWK]

On 4/17/2025 at 11:47 PM, CallumWK said:

I bought in January at 44.260 Baht, I bought more 2 weeks ago at 48.630 baht, right now I get 52.210.if I sell

 

Keep on going boys.

 

[swissie]

On 4/20/2025 at 12:04 PM, mogandave said:

 

Your argument, if it is an argument, seems a bit silly. 

 

Demand drives the value of gold.

 

Sure, if the dollar moves, it affects cost in currencies not pegged to the dollar, but it does not affect the value, because unlike currency, gold has intrinsic value. 

 

 

 

 

 

 

 

 

 

 

 

And how is the "intrinsic value" measured? = In currencies.

 

Gold in US$ may have increased by 20%. In most other "home currencies" only about 10%, as the $ tanked. Unless the US$ is ones home currency, sooner or later the Dollar denominated Gold will be converted back to ones home currency upon selling the Gold.

 

At this point, at the latest, the Dollar/home currency exchange rate can make a big difference.

[dinga]

13 minutes ago, swissie said:

And how is the "intrinsic value" measured? = In currencies.

 

Gold in US$ may have increased by 20%. In most other "home currencies" only about 10%, as the $ tanked. Unless the US$ is ones home currency, sooner or later the Dollar denominated Gold will be converted back to ones home currency upon selling the Gold.

 

At this point, at the latest, the Dollar/home currency exchange rate can make a big difference.

A different perspective...... absent semantics.  It's got very little to do with the 'value' in fiat currencies  -   it's all about the purchasing power of gold.  That's the measure of gold's 'value'

[swissie]

17 minutes ago, dinga said:

A different perspective...... absent semantics.  It's got very little to do with the 'value' in fiat currencies  -   it's all about the purchasing power of gold.  That's the measure of gold's 'value'

But still measured in form of currencies. Even in times of "crisies".

 

Otherwise: The "intrinsic value" of Gold is: It's relatively rare, it's shiny and it's heavy. Gold can also be worn around the neck. Signalling: I am rich and you are not.