Sci-tech

The gold price appears indifferent while Doomsday Clock moves

The gold price appears indifferent while Doomsday Clock moves

The Doomsday Clock has just advanced, virtually bringing earthlings just 2½ minutes to 'midnight, ' the Bulletin of Atomic Scientists warned. According to the clock, this is the closest the world has been to Doomsday since 1953 when the United States of America and USSR both tested nuclear weapons.

The message was rather blunt and critical of President Trump.

"This year's clock deliberations felt more urgent than usual, as trusted sources of information came under attack, fake news was on the rise - and words were used by a President-elect of the United States in cavalier and often reckless ways to address the twin threats of nuclear weapons and climate change", said Rachel Bronson, executive director and publisher of the Bulletin of the Atomic Scientists. But gold has also recovered considerably and market uncertainty at this point could encourage investors to lock in whatever profits they can for now, especially as seasonal gold demand fades'.

It's a dramatic statement, but the clock's annual movement is determined by a board of preeminent global security and scientific experts, including 15 Nobel laureates.

Krauss cited intelligence reports that accuse Russian Federation of interfering with the U.S. presidential campaign to favor Trump's victory as symbolic of the "deeper global threat" posed by cybertechnology.

It was the closest the clock had been to midnight since 1953, the year after the USA and the Soviet Union conducted competing tests of the hydrogen bomb.

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"More than that, this is the first time that the words and stated policies of one or two people placed in high positions have so impacted on our perception of the existential threats we believe the world faces", he said, alluding to Trump and Putin.

He also said the bulletin "is extremely concerned about the willingness of governments - including the current USA administration - to ignore or discount some science or evidence during their decision-making process".

"President Trump and President Putin, who claim great respect for each other, can choose to act together as statesmen or act as petulant children risking our future", he said.

The Doomsday Clock has been maintained by the members of The Bulletin of the Atomic Scientists' Science and Security Board since 1947.

If Trump can be persuaded to cancel his Twitter feed the Doomsday Clock can be moved back to 3 minutes to midnight. "If they do not, wise citizens must step forward and lead the way". By comparison, in 1991, the hands were set to 17 minutes away, reflecting the perceived end of the Cold War in the dissolution of the Soviet Union.


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