gold price

[StackemHigh]

Is gold too expensive when silver is so chea?

[HawkHybrid]

if gold was used as a pension as it was historically.

(maybe due to a pension crisis due to low interest rates.)

 

if each person requires £1M for their pension it

would be 1250 oz of gold at todays price of ~£800/oz.

 

if 10% of the world population is of retirement age, then

~500M people requiring ~1k oz of gold each. means

500B ozs of gold required or 15.6M tonnes.

 

at current prices if the world used gold as a pension

safe haven their combined 15.6M tonnes would dwarf

the 8k tonnes held by the us fed.

 

gold is historically cheap but silver is cheaper.

 

HH

[HawkHybrid]

at current rates china's $1.3T foreign reserves

would equate to ~34k tonnes of gold. or ~4x

the 8,133 tonnes the us fed holds.

 

HH