August 14, 2015

The Worth of Gold Growing by the Day

F. William Engdahl | The worth of gold in the world is growing by the day. That might seem like a paradox but it isn’t. The worth of gold is not fixed on the Comex futures exchange, or the trade in London or Zurich. True, most of the gold-trading public takes its cue today from the CME’s COMEX gold futures price where it does not at all look like the worth of a bar of gold is growing. Why can we then speak of gold’s worth rising?

On Comex the price of gold futures has gone from a high of $1896 in August 2011 to current lows of $1099, lows last seen six years ago, tendency downward. Read more.

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