Trump talked about bringing back the gold standard and as we know he's in the process of taking out the Rothschild thieves. I don't know anything about economics but people say everyone will be more prosperous if the gold standard comes back. How will the gold standard affect us? Thanks
EDIT: Thanks for all your comments guys! Y'all helped me understand
Assuming the average person didn't get physical before the event they wouldn't realise much of anything. Know this, when/if it does go to a gold backed currency you won't be able to buy actual gold - nobody will have any stock. So put your toe in a little while you still can. Professionals have been predicting $20k gold/ounce. You could buy a house if you get in early.
Why is that? I think the DS pushed through limiting access to gold so they could have it for themselves. Gold coins were used for a long time, and paper currency was backed by gold.
It will be sold out. Sorry I didn't make that clear.
Space Force can make a garbage sweeper to collect all the space trash. You wouldn't believe how much gold is in aerospace equipment, probably Ft. Knox is circling overhead.
sure glad my spare room has a lot of it stashed away.
I have a few ounces of AU and many Kilos of Silver (not in my house!!)
So are you saying buy gold now when it’s at $1,800/ounce, and then it’ll be worth $20,000/ounce once we get off the Fed?
Watch Mike Maloney hidden secrets of money. $20,000 might be conservative because gold price in $ MUST come UP to the amount of USD floating in the system. Whether that's M1 or M2 money supply or M3 (total credit in the system). If gold were to cover ALL credit card debt (m3) then it's in the 100,000's of USD PER OUNCE! Fascinating stuff.
https://goldsilver.com/hidden-secrets/
Exactly. If you have a billion dollars and only 1 ounce of gold to back it the ounce is worth a billion. It won't be that fantastic in order to not inflate gold out of reason. Bit there is plenty of gold to back our trillions including gold still in the ground. Technology allows us to find it and assay it still in the ground. I heard the gold will stay in the ground too so it can not be Moved ever. Our money will be based on permanent gold holdings.
Yeh, they'll use ground-storage gold to cover it. All the massive US Gold reserves were sealed and designated as 'parks' to keep it safe whilst the US govt stole all other nations reserves. Kinda falls under PNAC IMO. Not mining it, I did not consider that, kudos!! https://en.wikipedia.org/wiki/Project_for_the_New_American_Century
Fort Knox was raided and depleted to basically nothing when the likes of Germany and other countries demanded their gold back also a lot was stolen sent to other countries in bribes etc.
Awesome, thank you!