黃金為何大幅上漲？

@mycroftholmes766
My respect for Michael Hudson borders on hero worship. This is why I'm so surprised and disappointed with his relative ignorance concerning gold. He treats gold purely as a COMMODITY, and attempts to explain the market simply (simplistically) in supply/demand terms. Yet, he has the audacity to label so-called "gold bugs" as "crazies", merely because they embrace and understand the MONETARY side of the gold market.

我對Michael Hudson的尊敬近乎英雄崇拜，這就是為什么我對他對黃金的相對無知感到如此驚訝和失望。他將黃金純粹視為一種商品并試圖用供需關(guān)系簡單地（過于簡單地）解釋市場。然而，他竟敢將所謂的“黃金蟲”稱為“瘋子”，僅僅因為他們接受并理解黃金市場的貨幣面。

@thescythian321
Professor Hudson always guarantees the highest calibre of programing as this episode demonstrates. I hope that in the next discussion, we will touch on Silver; that other, less mentioned but absolutely crucial form of Hard Money. Silver has always been the common man's Gold and its role may become pivotal in our relationship with money. I would very much like to hear Hudson's take on this. Thanks for your excellent work Mr Norton.

Hudson教授總是保證最高水準(zhǔn)的節(jié)目，正如這一集所展示的。我希望在接下來的討論中，我們能談到白銀；那種較少提及但絕對重要的硬通貨形式。白銀一直是普通人的黃金，它的作用可能在我們與貨幣的關(guān)系中變得關(guān)鍵。我非常想聽聽Hudson對此的看法。感謝你的出色工作，Norton先生。

@sl-lz3dw
One of the main reasons people don't see economics as politics is they don't really have a clear understanding of what either are. Politics is just everything to do with decision making in groups. Economics is group decision making on the production and distribution of goods and services. When you understand these two truths it is apparent that economics is just the branch of politics dealing with what to make and do and where (and who) to send the output to.

人們不把經(jīng)濟(jì)學(xué)視為政治的主要原因之一是他們并不真正清楚這兩者是什么。政治只是與群體決策有關(guān)的一切。經(jīng)濟(jì)學(xué)是關(guān)于商品和服務(wù)生產(chǎn)和分配的群體決策。當(dāng)你理解這兩個真理時，很明顯經(jīng)濟(jì)學(xué)只是政治的一個分支，它主要關(guān)于處理制造什么、做什么以及將產(chǎn)出發(fā)送到哪里（和誰）。

@stanstreatfield3485
One of the great things about Michael Hudson apart from his knowledge and perspective on the economies of the planet, is his ability to get some humour into the discussion of the most dystopian future planned for us by corporations and their political puppets.

Michael Hudson除了對地球經(jīng)濟(jì)的知識和觀點外，還有一個偉大的地方是他能夠在討論由公司及其政治傀儡為我們計劃的最反烏托邦未來時加入一些幽默。

@boboho3928
US in the past 2 decades nearly no development, there is no free lunch now US lost jobs and manufacturing with high inflation??????????eventually dollar will be toilet papers same fate to all fiat money

美國在過去20年幾乎沒有發(fā)展，現(xiàn)在沒有免費的午餐，美國失去了工作和制造業(yè)，伴隨著高通脹，最終美元將變成廁紙，所有法定貨幣的命運都一樣。

@fishtailparkas
It doesn’t matter how they contort stats, inflation is rising and will continue to do so with the more dollars printed. Just ask those struggling to get by each month with the cost of living.

無論他們?nèi)绾闻でy(tǒng)計數(shù)據(jù)，通貨膨脹都在上升，并且隨著更多美元的印刷將繼續(xù)上升。只要問問那些每月為生活成本而掙扎的人就知道了。
原創(chuàng)翻譯：龍騰網(wǎng) http://top-shui.cn 轉(zhuǎn)載請注明出處

@kimlien3902
Wow interesting! After struggling financially in retirement, I've found success in the digital market, earning weekly. It's been a huge success, and I'm now more resilient to economic downturns.

哇，真有趣！在退休后在經(jīng)濟(jì)上掙扎后，我在數(shù)字市場上取得了成功，每周都有收入。這是一個巨大的成功，我現(xiàn)在對經(jīng)濟(jì)衰退更有抵抗力了。
原創(chuàng)翻譯：龍騰網(wǎng) http://top-shui.cn 轉(zhuǎn)載請注明出處

@iralas
LM gold can’t fluctuate. Dollar value can…
If gold is skyrocketing, that can REALLY only mean that you need more (less valuable, and progressively duing) dollars to buy it.

笑死我了，黃金不會波動，美元價值會……
如果黃金價格飆升，那真的只能意味著你需要更多（價值更低，并且逐漸貶值的）美元來購買它。

@forwadnothing8212
1:04:00 I think China did that, only reason it worked is because they make everything, and their currency is based on the value of their products, not financial bubbles, also pretty sure taxes deflate the value of the money so it doesn't inflate too much.

1:04:00 我認(rèn)為中國做到了，唯一的原因是他們在制造一切，他們的貨幣基于他們產(chǎn)品的價值而不是金融泡沫，我也相當(dāng)確定稅收會降低貨幣的價值，所以它不會膨脹太多。
原創(chuàng)翻譯：龍騰網(wǎng) http://top-shui.cn 轉(zhuǎn)載請注明出處

@byrebbecca
I’ve learned more about how the world ACTUALLY works in the past two weeks since finding your channel than I have in the 42 years I’ve been alive on this planet. Thank you for all that you do!

在過去的兩個星期里，自從找到你的頻道以來，我學(xué)到了更多關(guān)于世界實際運作的知識，比我在這顆星球上生活的42年還要多。感謝你所做的一切！

@towhidenterprise2104
In coming 10 years young population growth will be the main issue for China.
China should not underestimate this issue like Japan south Korea

在未來10年，年輕人口增長將是中國的主要問題。
中國不應(yīng)像日本和韓國那樣低估這個問題。

@felicious4385
The black swan for this fixed gold market is....China (Brics), if you want to sell you gold cheap...ok, we'll buy it all because playing with USD and treasuries have become too dangerous (witness Russia's stolen reserves).

這個黃金市場的黑天鵝是……中國（金磚國家），如果你想便宜地出售你的黃金……好吧，我們會全部買下，因為玩美元和美國國債已經(jīng)變得太危險了（詳見俄羅斯被偷的儲備）。

@ramasking31
Al though gold is leased at a few pew percent a year, silver is costing 10% per month! The suppression of silver is to ensure industrial use of silver is kept really depressed. However, the purchase of silver has been less than has been produced for 6 years

雖然黃金每年的租賃費用只有幾個百分點，但白銀每月的成本是10%！對白銀的壓制是為了確保工業(yè)用銀保持在非常低的水平。然而，白銀的購買量已經(jīng)連續(xù)6年低于生產(chǎn)量。

@markbulmer5227
Remember that gold is a precious metal, critical in electronics (future tech etc), there's a limited supply until they mine and asteroid.

記住，黃金是一種貴金屬，在電子（未來科技等）中至關(guān)重要，在他們開采小行星之前供應(yīng)有限。
原創(chuàng)翻譯：龍騰網(wǎng) http://top-shui.cn 轉(zhuǎn)載請注明出處

@seanwalsh999
I understand leasing a car, I get to use it, why would I want to lease gold? No wonder we have financial disasters every now and again, with hair brained schemes like Teaser rate mortgages like the 2000,s that led to 2008 and now central banks leasing gold that may or not exist, more fun and excitement to come? I am starting to understand that old Chinees curse, " may you live in interesting times "

我理解租賃汽車，我可以使用它，為什么我要租賃黃金？難怪我們時不時會有金融災(zāi)難，像2000年代的誘餌利率抵押貸款這樣的愚蠢計劃導(dǎo)致了2008年的危機(jī)，現(xiàn)在中央銀行租賃可能或不存在的黃金，更多的樂趣和刺激即將到來？我開始理解那句古老的中國詛咒，“愿你生活在有趣的時代”。

@RobertHouse101
Age can bring amazing benefits to the world. Unfortunately, prejudices, like ageism, have made them OK because of political catastrophes. Sadly, our youth has not escaped this. Boomers have become a pejorative, used freely. God forgive them, for they do not know what they do.

年齡可以給世界帶來驚人的好處。不幸的是由于政治災(zāi)難，像年齡歧視這樣的偏見已經(jīng)使它們變得可以接受?？杀氖俏覀兊哪贻p人并沒有逃脫這一點。嬰兒潮一代已經(jīng)成為一個貶義詞被隨意使用。愿上帝原諒他們，因為他們不知道自己在做什么。

@b-man8498
Canada has no gold reserves. How does this fact relate to the push to become the 51st state, and the threat of tariffs?
Our economies are completely integrated, but our weak currency makes everything so much more expensive.

加拿大沒有黃金儲備，這一事實與成為推動成為美國第51個州和關(guān)稅威脅有什么關(guān)系？
我們的經(jīng)濟(jì)完全一體化，但我們疲軟的貨幣使一切都變得更加昂貴。

@GingerPeacenik
And what about the price of silver, which has so many applications in renewable energy technologies? For every one ounce of gold mined, 16 ounces of silver are mined. Yet the gold to silver ratio in price is 90.55 ounces of silver to one ounce of gold. This is because silver is the only asset whose value is tied to it's derivative price (controlled by JP Morgan) , which makes no sense at all.

那么白銀的價格呢，它在可再生能源技術(shù)中有如此多的應(yīng)用？每開采一盎司黃金，就會開采16盎司白銀。然而，黃金與白銀的價格比是90.55盎司白銀對一盎司黃金。這是因為白銀是唯一一種價值與其衍生品價格（由摩根大通控制）掛鉤的資產(chǎn)，這完全沒有意義。

@MilionerstwobyJanFijor
We should not print money at all! I do not care who makes me poor: wasteful government or greedy banks. Money supply is not a condition for a growth. Free market is!

我們根本不應(yīng)該印鈔！我不在乎是誰讓我貧窮：浪費的政府還是貪婪的銀行。貨幣供應(yīng)不是增長的條件，自由市場才是！

@edwardhunt2348
The surplus reduced debts might even be meaningless if the dollar loses value to gold and other currency. Isn't this just to increase bargaining power and US authority. Gold has gone not just as an inflation hedge but a defence against recession and quantitative easing.

如果美元相對于黃金和其他貨幣貶值，盈余減少的債務(wù)甚至可能毫無意義。這難道不是為了增加議價能力和美國的權(quán)威嗎？黃金不僅作為通脹對沖工具，還作為對抗衰退和量化寬松的防御手段。

@hackedoff736
I’m confused… who actually holds gold? If you invest in it then it’s debt backed in a sense. Obligation backed would be a better term, you’re buying a promise from someone to deliver the gold on demand (or subject to whatever t&cs wrap the investment).

我很困惑……到底是誰持有黃金？如果你投資黃金，那么在某種意義上它是債務(wù)支持的。義務(wù)支持可能是一個更好的術(shù)語，你是在購買某人承諾按需交付黃金（或受投資條款和條件的約束）。

@gerhard7323
I had $600m worth of gold but in a fit of pique my ex chucked it in the bin and now it's buried somewhere deep in a Welsh landfill site.
The local council for some reason won't dig it all up for me despite taking them to court.....

我曾有價值6億美元的黃金，但在一時氣憤中，我的前妻把它扔進(jìn)了垃圾桶，現(xiàn)在它被埋在威爾士某個垃圾填埋場的深處。
當(dāng)?shù)刈h會不知為何不愿為我挖出它，盡管我已經(jīng)把他們告上了法庭……

@omegaman4153
How would the average worker / consumer know that his gold is actually gold? And how would any such person easily convert his gold into some form of currency that could be used in any retail transaction? Please explain the details since many gold advocates always try to peddle gold to the average guy.

普通工人/消費者如何知道他的黃金是真的黃金？這樣的人如何輕松地將黃金轉(zhuǎn)換成可用于任何零售交易的貨幣形式？請解釋細(xì)節(jié)，因為許多黃金倡導(dǎo)者總是試圖向普通人推銷黃金。

@christopher33445
Market manipulation through institutions short selling?? Colour me suprised!!! JK thank you guys so much, didn't know the gold market was like this and am seeing so many adds for it, thankfully never been lured in

通過機(jī)構(gòu)做空進(jìn)行市場操縱？？讓我大吃一驚?。?！開玩笑的，非常感謝你們，我不知道黃金市場是這樣的，而且看到了很多廣告，幸好從未被誘惑進(jìn)去。

@DANVIIL
Hudson said gold holders would lose but he just made the exact case as to why they will win because gold is even more scarce than previously thought and with growing demand and declining supply, gold is going to the moon priced in fiat.

Hudson說黃金持有者會輸，但他剛剛提出了為什么他們會贏的明確理由，因為黃金比之前想象的更加稀缺，隨著需求增長和供應(yīng)下降，黃金將以法定貨幣計價飛漲。

@ramasking31
Al though gold is leased at a few pew percent a year, silver is costing 10% per month! The suppression of silver is to ensure industrial use of silver is kept really depressed. However, the purchase of silver has been less than has been produced for 6 years

雖然黃金的年租賃率只有幾個百分點，但白銀的成本是每月10%！壓制白銀是為了確保工業(yè)用銀保持在非常低的水平。然而，白銀的購買量已經(jīng)連續(xù)6年低于產(chǎn)量。

@puggleski6097
Thoae who get out of gold during this all time high and use the liquidity to pursue people centric policies, plans, works will escape the midas touch. Which is a curse, in the sense that you cant do anything with gold except hoard it.
There are other precious, or rare, or strategic metals apart from gold. That's an efficient multipolar way to end dollar dominance. But hoarding gold alone is not an efficient strategy and will backfire sooner rather than later.

那些在這次歷史高點時退出黃金并用流動性追求以人為本的政策、計劃和行動的人將逃脫邁達(dá)斯之觸。這是一種詛咒，因為你除了囤積黃金外什么也做不了。
除了黃金，還有其他珍貴、稀有或戰(zhàn)略性的金屬。這是結(jié)束美元主導(dǎo)地位的有效多極化方式。但僅僅囤積黃金并不是一個有效的策略，遲早會適得其反。

@ramasking31
Gold supplies outstrip demand, true. The price of gold supplies go up around 1% per year. However, population increase is much higher than 1%. Gold at present is increasing higher than inflation because central banks, especially the Bricks central banks.
As the price of gold has been suppressed for so many years and BRICKS nations and now western banks are decreasing their dollars and increasing their gold reserves. Additionally, the billionaire class, corporations and western banks are reducing their dollars and increasing their gold reserves. Gold is becoming a competitor of the dollar.

黃金供應(yīng)超過需求，這是事實。黃金供應(yīng)價格每年上漲約1%。然而，人口增長遠(yuǎn)高于1%。目前黃金的增長速度高于通貨膨脹，因為中央銀行，尤其是金磚國家的中央銀行。
由于黃金價格被壓制了這么多年，金磚國家以及現(xiàn)在西方銀行正在減少美元儲備并增加黃金儲備。此外，億萬富翁階層、公司和西方銀行也在減少美元儲備并增加黃金儲備。黃金正在成為美元的競爭對手。

@jgalt308
So we repeat the one thing Marx was right about: Money is a commodity. Correction: money was decoupled in 1971, not rued, that took place in 1974 when the "official price"
( a.k.a. "lawful money" ) was raised from
35/ozTroy(1934)to42.22, and minted coins now bore the "legal tender" designation. 1971 marks the end of the Bretton Woods "good as gold"
scam...and the massive fraudulent deception of the Federal Judiciary, which began in 1939, was now complete.
Once again, we avoid the effects of the "F" word as the ultimate cause of the present, the destruction of "industrial capitalism", the slow but inexorable rise of the F.I.RE sector, in
collusion with "government", the expansion of the Federal Government, which began in 1913 and accelerated after 1929, and the introduction of "socialism" with programs to attempt
social engineering, which the Federal Government has no legitimate authority to initiate and still doesn't.
One must also note the change of meaning involved with the words employed...such as imperialism, which is the acquisition of territory by force and colonization to that of
"economic dominance," ...which is interesting in Hudson's case, where he makes the distinction between "industrial capitalism" and the "rentier" economy that preceded it...
yet has no problem with ignoring the distinction for imperialism and expanding it to "super imperialism," even though "conquest" has essentially been eliminated.

所以我們重復(fù)馬克思正確的一點：貨幣是商品。修正：貨幣在1971年脫鉤，而不是重新估值，那是在1974年發(fā)生的，當(dāng)時“官方價格”（即“法定貨幣”）從每盎司35美元（1934年）提高到42.22美元，鑄造的硬幣現(xiàn)在帶有“法定貨幣”的標(biāo)識。1971年標(biāo)志著布雷頓森林“黃金如金”騙局的結(jié)束……以及始于1939年的聯(lián)邦司法系統(tǒng)的大規(guī)模欺詐性欺騙的完成。
我們再次避免“F”字作為當(dāng)前的根本原因，“工業(yè)資本主義”的破壞，F(xiàn).I.RE部門的緩慢但不可阻擋的崛起，與“政府”勾結(jié)，聯(lián)邦政府的擴(kuò)張，始于1913年并在1929年后加速，以及通過計劃嘗試社會工程的“社會主義”的引入，聯(lián)邦政府沒有合法權(quán)力啟動，現(xiàn)在仍然沒有。
還必須注意所用詞語的含義變化……例如帝國主義，從通過武力和殖民獲取領(lǐng)土到“經(jīng)濟(jì)主導(dǎo)”，……這在Hudson的案例中很有趣，他區(qū)分了“工業(yè)資本主義”和之前的“食利者”經(jīng)濟(jì)……
卻毫不費力地忽略了帝國主義的區(qū)別并將其擴(kuò)展到“超級帝國主義”，盡管“征服”基本上已經(jīng)被消除。

@mikem4432
The dollar is to the world economy what alchohol is to an alchoholic. It will take awhile but it is actually comming faster than most people thought.. Gold will reach unbelievable heights that I thought not long ago as impossible, I am talking 10,000$ an ounce or more.

美元對世界經(jīng)濟(jì)來說就像酒精對酗酒者一樣。雖然這需要一段時間，但實際上它來得比大多數(shù)人想象的要快……黃金將達(dá)到我前不久還認(rèn)為不可能的難以置信的高度，我說的是每盎司10,000美元或更多。

原創(chuàng)翻譯：龍騰網(wǎng) http://top-shui.cn 轉(zhuǎn)載請注明出處