Loading ...Gold’s Long Term Price Structure
“Really Gold has been the Global Reserve currency this entire time because as regimes falter always due to debt, deficit spending (WAR SPENDING) and zealous colonization the people that feel isolated and subject to coercion always figure out a new system.
Though Gold (a noble metal) and Silver (the world’s most conductive metal and both on the periodic table of elements) each time step up to account for the “new system” its really the oldest system that emerges as the new solution.
I understand this is confusing, but if you look back through that chart, and even before going through the Collapse of Athens, Rome, and Persian Empire, people revert to Gold and Silver. This is because fiat currencies are issued by Governments and Governments are made up of people, and people are flawed and subject to corruption.” https://goldseek.com/article/golds-long-term-price-structure-pointing-towards-20000-10x-70s
Many economists and others have stated there wouldn’t be a return to a gold standard. They are wrong, as proven by history. Individual countries and entire empires have tried to avoid it and some have used fiat schemes but they always fail. Everytime they return to gold and or silver, because those are the only “real” money. The process towards moving in that direction is well underway, once again.
But we have it on “good authority” from Ben Bernake that we hold gold simply out of tradition!
Barbarians at the Door
Gold is the transition reserve from one currency to the next.
It is never destroyed. It is the vehicle to transfer value forward.
The juniors with the reserves but not in production will be the value leaders until they are bought out.
Yeh, well good luck picking out the well run ones out of the haystack full of lifestyle companies