Post by
nozzpack on Apr 12, 2024 6:19am
Gold blows through $2400
Up $41 so far .
Gold seems to be in its true and enduring value default role.
That is, it is driven by structural issues including the decline of the USD caused by the massive debt loads that will never be repaid.
In essence, we are going back to the gold standard in one form or another .<
If this holds true, central banks will want the POG as high as possible to offset the loss in value if their holdings of USTs which many countries are now dumping to buy gold.
Who knows where the POG will end up.
I have seen $18000 per ounce as its true default currency replacement value.....