05 August 2020

GOLD 2020

Gold prices hit a new record close of $2,021 per ounce overnight — settling above $2,000 for the first time. — CNBC, August 4, 2020


IMAGE:  Old Glyph, Coso Wilderness, near Death Valley, Inyo County CA.
Points upstream to old mine encampment.
Photo Douglas Beauchamp, March 2018

"THE KINGS OF THE WORLD . . . “

The kings of the world are growing old,
and they shall have no inheritors.
Their sons died while they were boys,
and their neurasthenic daughters abandoned
the sick crown to the mob.

The mob breaks it into tiny bits of gold.
The Lord of the World, master of the age,
melts them in fire into machines,
which do his orders with low growls;
but luck is not on their side.

The ore feels homesick. It wants to abandon
the minting houses and the wheels
that offer it such a meager life.
And out of factories and payroll boxes
it wants to go back into the veins
of the thrown-open mountain,
which will close again behind it.


Rainer Maria Rilke (translated by Robert Bly)