RE:My Crystal Ball's EXPECTING A PULLBACK IN GOLD! Is it right? We're a decade over due for a thrid gold revaluation. Roosevelt revalued Gold 1930s and ended the great depression.
total international debt + total interntaional paper: $731,000,000,000,000 = $300,000,000,000,000 + $431,000,000,000,000 total gold reserves = 6,012,189,689 Oz $731,000,000,000,000 = 6,012,189,689 Oz * $121,586.3167686558
In order for the world to back $731,000,000,000,000 of international paper with Gold, considering total global Gold reserves account for 6,012,189,689 Oz, Gold price would have to rise to $121,586.32/Oz
$50,000 gold is likely once the monetary system returns to a gold standard - John Butler | Kitco News
Why oil cannot function as currency reserves? | Contrarian Investors' Journal (contrarianinvestorsjournal.com)
Does a Gold Revaluation to US$10,000 Make Sense? Will it be Good or Bad? [2020 Update] - Gold Survival Guide
https://s3.tradingview.com/snapshots/q/qjt5nrMA.png
https://s3.tradingview.com/snapshots/1/1AlGRKrE.png
https://s3.tradingview.com/snapshots/1/1AlGRKrE.png
https://s3.tradingview.com/snapshots/h/H6eoJXhC.png
https://s3.tradingview.com/snapshots/2/2uu6nSwN.png