Gold's performance for the rest of 2023

Shaokai Fan joined #ausbiz to discuss our outlook for gold for H2 2023, which looks at three different economic scenarios and what we may see from gold under each one.
Read the outlook here: bit.ly/3KuMoty

[@emills1417]

All nations are working on CBDCs, I prefer gold and silver over CBDCs. Buying gold and silver, lots & lots of it.

[@davidwatson3921]

All good until someone finds a way to devalue gold, then what happens, it will be just the same as devaluing, any currency??

[@sanpedrosilver]

Takes a certain amount of effort/energy to produce an ounce of gold. This hasn’t changed in 1000’s of years. It’s like 1 foot = 11 inches. Can’t happen

[@davidwatson3921]

@@sanpedrosilver All is good when the manipulators obey the rules, unfortunately, the manipulators don't care about rules, So your 1foot may only equal 8 inches and what's your answer to that. As far as energy to produce an ounce of gold, that definitely has altered, even in the past 100 years.

[@sanpedrosilver]

@@davidwatson3921 Nobody can answer🔮 but I’m surprised Gold sits under 2k. Especially since all the crap that’s happened over the last several years. Massive Inflation, covid, helicopter drops etc. Rules already broken imo.