{"id":669,"date":"2014-10-26T18:54:58","date_gmt":"2014-10-26T22:54:58","guid":{"rendered":"http:\/\/olduvai.ca\/?p=669"},"modified":"2014-10-26T18:54:58","modified_gmt":"2014-10-26T22:54:58","slug":"why-gold-is-undervalued-and-poised-to-re-price-upwards-from-here-washingtons-blog","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=669","title":{"rendered":"Why Gold Is Undervalued &#8211; And poised to re-price upwards from here Washington&#8217;s Blog"},"content":{"rendered":"<p><a href=\"http:\/\/www.washingtonsblog.com\/2014\/10\/gold-undervalued-poised-re-price-upwards.html\">Why Gold Is Undervalued &#8211; And poised to re-price upwards from here Washington&#8217;s Blog<\/a>.<\/p>\n<p style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 24px 0px; border: 0px initial initial;\"><a style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; color: #ff4b33; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px; border: 0px initial initial;\" href=\"http:\/\/www.peakprosperity.com\/blog\/88268\/why-gold-undervalued\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-38337\" style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; clear: both; display: block; max-width: 100%; height: auto; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px auto 12px auto; border: 0px none initial;\" title=\"http:\/\/www.dreamstime.com\/royalty-free-stock-image-gold-up-image12145116\" src=\"http:\/\/www.washingtonsblog.com\/wp-content\/uploads\/2014\/10\/gold-up-12145116-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><\/p>\n<p style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 24px 0px; border: 0px initial initial;\">Gold has been in a bear market for three years. Technical analysts are asking themselves whether they should call an end to this slump on the basis of the \u201ctriple-bottom\u201d recently made at $1180\/oz, or if they should be wary of a coming downside break beneath that level. The purpose of this article is to look at the drivers of the gold price and explain why today\u2019s market value is badly reflective of gold\u2019s true worth.<\/p>\n<p style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 24px 0px; border: 0px initial initial;\">First, I think a reminder would be timely. Those who seek to trade gold are at substantial disadvantage:<\/p>\n<ul style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; list-style-type: square; list-style-position: initial; list-style-image: initial; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 24px 1.5em; border: 0px initial initial;\">\n<li style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px; border: 0px initial initial;\">they line themselves up against too-big-to-fail banks which have the implicit backing of the taxpayer to bail them out of their trading positions;<\/li>\n<li style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px; border: 0px initial initial;\">furthermore markets have become so manipulated and dangerous that gold should be considered as insurance against systemic risk instead of a punt.<\/li>\n<\/ul>\n<p style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 24px 0px; border: 0px initial initial;\">Because the majority of market investors don\u2019t fully grasp these risks, when the current global financial bubbles eventually burst, there will only be a tiny minority who end up possessing gold \u2014 by which I mean physical gold held outside the fiat money system.<\/p>\n<p style=\"background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; vertical-align: baseline; background-position: initial initial; background-repeat: initial initial; padding: 0px; margin: 0px 0px 24px 0px; border: 0px initial initial;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why Gold Is Undervalued &#8211; And poised to re-price upwards from here Washington&#8217;s Blog. Gold has been in a bear market for three years. Technical analysts are asking themselves whether they should call an end to this slump on the basis of the \u201ctriple-bottom\u201d recently made at $1180\/oz, or if they should be wary of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,374,503,802],"class_list":["post-669","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-gold","tag-market-manipulation","tag-too-big-to-fail"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=669"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/669\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}