Gold ProphecyThe infatuation with gold here and accross the river seems to be overstated given the current realities..
One has to wonder why Gold goes so high... when you think of feability... humor me for a few moments...
If you are thinking it is the safe haven... look at these few ideas / facts... there simply is not enough of it to go around to all who want to buy it ( also keep in mind that the references are just that not intended to state the exact amount just a reference point )..
so people buy into paper facade much like they do with stocks... so like the paper stock you have paper Gold... what would it truly be worth if the economy totally colapsed ... I submit to you it would be worth as much as the stock you hold in such a company as this at the present time however for arguments sake I will you be the judge. Again See Links Below for reference point, this of course is not an all inclusive however just a sampling..
https://www.howstuffworks.com/question213.htm
https://www.onlygold.com/faqcenterpages/faq_factsandstatistics.htm
https://www.coinweek.com/bullion-report/how-much-gold-is-there-in-the-world/
here is anothor thing one must think of with the uphoria of purchasing gold... would you take a brick to your local corner store to by a loaf of bread... and scrap a few shavings off the edge to pay for it... very unlikely...
then you have the issues of porting it around and safe keeping etc... because in a complete colapse the scenario is going to be nightmare (ish) as it were ... you would need your own body guards ....
Anyway as silly as some things are ... there are a lot of illusions to many scenarios whether it be gold, paper or otherwise...
Now having said that ... I believe that there is a need to have a standard denomination... is it transacted back to gold ... I say yes... I do not buy into the fact that it is necessary to buy gold bullion as it were but for a currency to be pegged to it would be a better placement... the current trend is a fallacy, sooner or later like any stock the average joe or joane who buy gold at say 2000.00 an ounce for arguments sake ... what happens in 10 years or 15 years when gold drops to say 500.00 an ounce ... those people will have to await a lifetime for the cycle to repeat itself...
So realistically buying gold in the current realm to me is silly ... I believe that gov'ts should be pegging their given currency to it... instead of printing money to bouy up an economy ... anyway... there is much more I could jot down but what would be the point...
Point is ... until most western world gov'ts get their proverbial fiscal houses in order we are going to see huge fluctuations in gold, dollars and markets in general... Let us Start by getting policies in place that peg a given currency to a Gold Standard and not print money for the sake of it it is only inflationary and causes a whole new world of hurt... also spend within our means and get control of the economies to better suit perpetual growth...
anyway, nuff said,
just my honest opinion,
glta,
Wolf