With all due respect you don’t understand what’s happening here, and you certainly don’t understand the problems… Without understanding the problem, one can not actually solve the problem, just throw repeat solutions at it and kick the can down the road… Which brings us to where we currently are…
You are correct on profitable gold per yard changing, if all else stayed the same, which it isn’t going too, thus again you don’t understand what’s happening and what the problems truly are…
But most don’t, percent (of group)wise baby boomers have the least understanding, but it’s a majority in all generations…
On this platform I can’t tell you what the root cause is, what’s happening, nor the solution, as this would be in violation of policy…
Hopefully not in violation, I will simply say objectively the 30s were exponentially better times than what our young people are going through now; these children being born now have inherited the worst world and hardest hand ever delivered to any generation in human history!!!
I would love to hear your point of view however I understand the limitations of this forum in regards to policy in regards politics. for me to elaborate further into deeper detail I would indeed be straying into political agenda and policy's.
However what I can say from my experience my perspective I did my time as the whipping donkey working all the crap jobs to become CEO of my own company and worked in many countries. Respectfully I disagree that this generation has it tougher than all other generations. That said there is regional exceptions to the rule and challenges ahead.
The 1930s were extremely bad in the USA, primarily due to the Great Depression, the worst economic downturn in history, which led to mass unemployment, poverty, widespread homelessness, bank failures, and steep declines in industrial output and GDP. The decade was also marked by environmental disaster, with the Dust Bowl causing mass migration from the Great Plains, making the 1930s a period of extreme economic and social hardship. During the Great Depression, the U.S. unemployment rate reached a peak of 24.9% in 1933, meaning nearly one out of every four workers was unemployed. This historic high was a result of the widespread economic collapse, which saw a 47% drop in industrial production, a 30% decline in GDP, and a significant increase in poverty and bank failures. (The sad thing is many American forget this )
My dad grew up in depression and then fought in WW2 they never complained they just got on with job. There was 8 kids in his family living 3 bedroom house. No bathroom just tin bath and toilet out side. No toilet paper just cut newspapers. They shared beds growing up as kids. One sister dying not being able to afford medical treatment. My granddad could no afford a car as that was luxury. He walked around for miles for hours as his 7 year old daughter laying dying and her only wish was to taste banana for the first time and last time in her life. No one had any. I cannot imagine how demeaning it must of been for grandad to not even be able to grant such a simple wish to his dying little girl. Such was hardships back then.
During COVID The United State steepest point of the decline saw real gross domestic product (GDP) drop to 9 percent below its level at the beginning of the recession in early 2020. This drop was significantly sharper than the nearly 4% decline seen in the deepest part of the Great Recession, highlighting the profound impact of the pandemic on the economy. Most countries went through GDP deline and most countries are recovering. All be it a various rate.
Today the unemployment rate in the United States was 4.3% in August 2025, which was the most recent data reported on September 5, 2025, by the U.S. Bureau of Labor Statistics (BLS). This rate has remained little changed since April 2025. While we are all experiencing inflationary measures all around the world after COVID 19 pandemic. It is true Many people never recovered from that turmoil acerbating problems for vulnerable people who lived from paycheck to pay check. They was the ones who suffered the most. Its not to say there is no poverty and hardship today. But there is also a large proportion have crashed and burned, because of poor lifestyle choices and financial illiteracy.
Poverty today is arguably not harder for most people than in the 1930s, as overall living standards are significantly higher, but the nature of poverty and its challenges are different. While people in the 1930s faced more widespread and severe hardship, such as extremely low incomes, high unemployment, and a lack of modern conveniences, poverty today is marked by greater access to opportunities but also new challenges like increased financial choices, higher expectations for living standards, and the pervasive nature of technology.
Today we have better medical treatment. better access to education. We have online resources to better ourselves. AI is a great challenge to the next generation. As many jobs and even many university courses will eventually become obsolete. Being obsolete is nothing new my boomer generation too who suffered being obsolete when multinationals took jobs offshore for cheaper wages and automation reduced manning levels. Forcing many of my generation to constantly reinvent ourselves. Many of my generation never recovered from job losses or divorce. Some crashed and burned into drugs and alcohol. In all generations there are casualties and I know all of us reading this probably know some one who has crashed and burned. Some times you can be a casualty by no fault of your own. The scary reality is? Its very easy to be that person regardless of the generation. Regardless of the country you live in.
There is a simple reason why gold is going up? Investors are using gold as hedge to protect themselves from a period of instability in global markets.
Crow
