Gold Bars Are Worth a Million Dollars for the First Time

    https://www.bloomberg.com/news/articles/2024-08-19/gold-bars-are-worth-a-million-dollars-for-the-first-time?srnd=homepage-americas

    Posted by Training_Educator_44

    15 Comments

    1. Gold is similar price to what it was 12 years ago lol

      Dollars have gone down a LOT though

      So technically gold has not even come close to an ATH in the last 10 years

    2. RevolutionaryFun9883 on

      Gold bars would be worth a hell of a lot more if paper gold wasn’t a thing, I think it’s 124:1 paper gold to physical gold

    3. POpportunity6336 on

      “Gold bars are worth whatever consensus decides they’re worth” – Confucius says

    4. Shiny pet rock is outperforming every asset class this year

      ![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)![img](emote|t5_2th52|8882)

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