The Peter Shipp Show

A Historic Day in Gold Today,

was up about $51 an ounce to close above 2,500 for the first time ever.

We actually closed at $2,608 an ounce. It was up 2.6% on the week.

Despite this move, it happened pretty much in obscurity. Even the

financial networks, I was watching see and be see a lot of the day to see if they

were going to talk about gold and they didn't talk about it at all.

I mean, I mean, maybe they mentioned it when I wasn't paying attention, but when I was paying attention,

I heard plenty of talk about Bitcoin, but I didn't hear any talk about

gold. Bitcoin did nothing on the week. It was relatively flat. I think it, you know, it's now about 59,000.

It's about 20% below its all-time record high.

And of course, its all-time record high set in gold

was almost three years ago. I think Bitcoin is down about 37% over the past three

years in terms of gold. Nobody is talking about this new

really to put it in perspective think about where gold began

this century or even the millennium right right? On January of 2001, gold was still under 300. So gold, so far,

this century, it's been about 24 years into it right it's risen eight fold more than eight fold 8.3 fold maybe a bit more

Contrast that to the Dow Jones. The Dow was about 10,000 when the century began.

It's about 40,000 now.

So the Dow's gone up 4X, gold's gone up 8 X.

Now sure the Dow has paid dividends.

Gold hasn't.

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