I get it that gold is insurance against inflation. And, it's real money in an economic catastrophe.
My question is on behalf of the Anons who may have purchased some gold coins (but lost them in the lake). If we paid $1000 for one 1oz coin, and the US goes back to a gold-backed standard and values gold at $35/oz., that is quite a loss! I am not that is what will happen, but I present that scenario as part of the broader question: What would gold need to be valued at in our fiat US$ currency in order to be the backing?
Any Anons have a sense for the future value of a gold coin in the gold-backed dollar scenario? A lot of people have purchased gold coins hoping that they will revalue north of $20K or $50K to accommodate all of the fiat floating around. But I just can't see the elites letting people get "rich" so easily.
If gold is set at $35/oz, the important question will be how much that one ounce will buy after the revaluation (i.e. does a cup of coffee now cost 5 cents?). I'm more concerned about how many ounces I have versus what it's worth in fiat currency. We'll have to wait to find out 1) if it happens and 2) what the revaluation looks like. The latest estimates I hear floating around say gold would need to be revalued at $100K, give or take.
This. The high cost of current goods is largely because the dollar has lost over 90% of it's buying power. So imagine if gold was $35/oz again but your house was also suddenly $7000.
If gold was $35/oz in the US - all the financial markets from all of the world would buy it for cheap and … there would be no more gold in the US, just after couple of days.
If the gold-backed currency is ever implemented - it will most likely be the current (market) gold price, unless the denomination happens at the same time (meaning: cutting zeros on all prices, including salaries), but this is not necessary as the bread doesn’t cost $100,000 yet.
There is a MAJOR flaw in your logic here. What would they be buying our gold with? Think about that.
You don't sell your gold for the exact thing you are trying to get away from (federal reserve note), that is idiocy.
Which also means a 35$ price in the new currency means the price for everything in this country drops like a rock to adjust. For example, that $1 menu you eat from suddenly becomes the $0.05 cent menu. The $4/gallon gas you pay for is now $0.20/gallon. Etc.
That $100,000 price for a loaf of bread would be in federal reserve notes, which no one will want.
For the OP, the answer to your question is very simple. Simply google "price of X in (any year during the gold standard)". That's the easiest way to wrap your head around it to get ballpark figures.
If the value of your house suddenly dropped to less than 10,000 when you still owe $100,000s people would be screwed
Yes. My granddad used to buy trucks new off the showroom floor for less than a grand fiat.
Yeah now they are like 80k
Only because people continue to take loans and pay it. My philosophy is to know how to fix a car, buy and older one (2005 or earlier to avoid tracking capabilities ((maybe newer dunnol)) and drive it forever. Cars are simple, albeit uncomfortable, to work on.
we'd be back in the days of a nickel for a gallon of milk
That sounds like a forty to fifty years ago price. My uncle told me that he swore to anyone that would listen that gas would never exceed $0.75/gal. He said he was proved wrong within two years. That was the early seventies in Chicago.
I started driving in ‘72, gas in Canada was 0.39/gal and Michigan was 0.19/gal
Holy moly. This was about ‘73 or ‘74. I think it was $0.50/gal when he made the comment. Of course, I was told this around 2000 so I may have my numbers screwed up!
Gas was 30 cents a gallon in 1975 here in the southeast. Of course, you had to wait for your day to get it. Called gas rationing
I remember that. By that, I mean the nightly news talking about it. I remember seeing gas lines on the same nightly programs in about 1979. I would’ve been a kid then so I may be a year or two off. Here in Nevada, we’ve always been paying more for gas than the national average, at least since I started driving in the 80s. If I’m not mistaken, it’s cheapest in your area and up north by Montana and the Dakotas.
Along with a free plate on a fill up
They use to have gas wars in Houston in the late 50's and gas would get down to less than 20 cents a gallon. You could get bread 5 loaves for a dollar and day old bread at loaves for a buck.
From what I recall, where I live, prices have risen by 4x-8x in around 30 years.
I've always seen this for all investments that have been made, GME, crypto, etc. Once the value of the dollar recedes back and the price of things recede back, the price of all investments will increase due to the amount of products being able to be purchased.
The concept of a "_____ backed currency" is that each unit of currency has a one to one correspondence with the resource that backs it. "Fractional Reserve Lending" confuses this a fair bit, but for now, I will leave that concept alone, since any true resource backed currency can't also have a "fractional reserve."
The smoothest transition from what we have now to a gold backed currency would be to take all of the "money" that exists (Federal Reserve Notes), and tie it, one to one, to however much gold we have. The problem with that, is that it depends on how you consider "how many dollars there are."
I elaborated the problem in this post, and I suggest you read it. The value of gold in a straight across transition to a gold backed currency economy depends on how much gold we really have, and how much money there really is. According to my calculations (numbers derived from the sources in that post), 1 oz of gold would be worth (approximately) somewhere between $150,000 and $15,000,000.
That's not a reasonable valuation. Attempting such a transition would produce such a huge power shift that it would cause MASSIVE disruptions to the market. It would likely start a civil war, or mass murders, or whatever. it's simply too much of a transition, thus, it is a transition system that can't work.
If one were to include a gold backed currency in the market, it would have to be done another way.
I suggest that way is to move to a barter system (in the sense of a truly free market, no "default currency"). Thus many assets could be used as an intermediary (stocks, any metals, any asset that can be tied to a NFT e.g.). In such a system, an intermediary isn't required at all. Things can be done how they were done for thousands of years, i.e. just traded straight across. Barter is a lost art, lost with the concept of a free market. You cannot have both a free market, and a "standard currency." They are diametrically opposed ideas (which is why the Money Magicians moved to an official currency in the first place).
Of course that's too little of an explanation to be meaningful. This is me pointing in what I think is the best possible direction to solve all the problems that exist now, and have been exploited in the past by the Cabal (AKA the Priest Class AKA the Money Changers AKA the Bankers).
hat's not a reasonable valuation... It may be a reasonable valuation but it cannot work.
We have to walk away from the debt based system that we have. The dollar you now own is just someone else's debt.
If you had side by side systems the good money system is the one people would flock to. Maybe that has already started.
What would happen if the BRIC's started a gold based system that American's could easily trade within? Would you be willing to accept 0% interest or maybe even pay a little in service cost to hold currency in an account that is not affected by inflation. (Or just keep it under your bed for no cost). Or would you want 5% interest in a currency that is affected by inflation when you do not know what that inflation will be? Or once again keep if under your bed with no interest and no cost other than inflation?
TRUST.
How do you establish TRUST?
Do you believe in government promises?
What would it take to get you to believe in government promises?
So much corruption everywhere, in everything.
The double-tongues are everywhere (lawyers).
Say what you mean, mean what you say.
Show me a government I can believe in.
There isn't one right now.
Maybe in the near future there will be, but it takes time to establish TRUST.
Be the Josie Wales.
By definition yes, but it's more than that in effect. It is also people's savings. While this "savings" is not a real asset, people currently believe that it is. That belief is important in how people will react. It is also the effective measure of a persons work. It is the measure of the trading value of other real assets. In order to transition without war, or mass suicide, or mass murder, you can't create a system that effectively takes assets from people, or otherwise make it so that those who hold other assets (such as gold) gain so much buying power that the entire economy collapses, by in effect transferring huge amounts of assets, real or imagined, to those few people.
Yes, but the transition needs to be done in a measured fashion or again, the drastic change in assets would cause war (Civil and world wide).
It is entirely possible that people will be given a choice as you suggest, but it must be something that everyone knows about and is available to everyone, with enough time to make a transition that the vast majority of people will accept and not feel screwed. It can't be something like, "Surprise! Everyone who owns a few ounces of gold are economic gods, and everyone else is fucked!"
Everyone has been doing those things because the real enemy employs mind control techniques to ensure that happens. Yes, they could "choose" to break free, and some have. They created other mind control techniques to ensure that those people are called "conspiracy theorists" (a term they created for that purpose). Blaming people for being asleep is not the path. It's like blaming people for being slaves. Yes, they could choose to not be slaves, but unless there is a clear opportunity to a choice other than death for them and their family for not being a slave, most will choose slavery. That is where we are, and where we have been for a very long time.
The proletariat doesn't break out the torches and pitch forks until the Real Rulers, who control all the information and manipulate everyone behind the scenes (including the people we think of as "rulers"), tell them to. The world has been controlled by crisis actors and other forms of controlled opposition for thousands of years.
No matter where I look, I can find no act of violence that was not instigated and run by the enemy themselves. All Wars are Banker Wars isn't just for the 20th century. My research suggests it applies going all the way back to at least the Crusades, and likely the early Roman Empire, with the possible exception being the misnamed "Mongolian invasion," and other Scythian incursions into Europe and the Middle East. Even those ones I'm not sure because there are ties between the Scythians and the current ruling class.
It has to happen to some extent, but if "The Plan" is truly designed to Awaken, and not Destroy, it will happen in the way that incurs the least losses, thus I don't think "drastic" will be as drastic as it would be if the plan was the Cabal Plan.
For example, in every communist takeover, The Plan was to create massive starvation and the violent murder of any and all dissenters to "the solution," along with their planned economic collapse. In China for example, the 1950s killed upwards of 100 Million people in their Communist takeover. This showed the people who survived the power of the government, creating both a fear in some, for non-compliance and a belief in a savior state in others, depending on which propaganda they bought in to. Basically the exact same thing happened in Russia, Korea, etc.
It's gotta hurt before it can heal. But if it kills you, it's probably not really "a cure". I really don't think it will be that bad. It will be "just bad enough" to motivate the vast majority to accept a change.
We've all been ridiculed trying to help the sleepers awaken, or even just try to live our lives with our knowledge. It is hard to not take it personally when the attacks are personal. Appreciating that the personal attacks are part of their brainwashing helps to not worry so much about it. They will either wake up and live a more fulfilled life, or they won't. Be happy for them if they do, pity them if they never do.
I'm not sure. What I consider the "Major plays" have been done through the stock markets, having nothing to do with energy. The first really big one was the 1907 panic, which motivated the creation of the Federal Reserve. That was about copper stocks. The next one was the Stock Market crash of 1929. That was all about stocks again. I mean, really it was all about reducing the money supply after they had been pumping it out like there was no tomorrow for WWI and a few years afterwards (exactly as is happening now), but the axe came down through the stock market. This of course set us up to become a partially communist country, along with numerous other downstream effects (all planned) including the rise of Hitler and WWII, leading to the United Nations (one world government), the creation of the state of Israel, etc.
The point is, I think the Stock Market will be the instigator. I do think it is entirely possible that it will tie into energy and BRICS afterwards though.
I think that's exactly what a good number of people here believe, based on conversations I've read.
You're ruining some perfectly good pipe dreams, you know.
I do think it will likely provide an economic advantage. I just really don't think "The Plan" is to make people want to kill themselves.
Unless "suicide weekend" was intended to mean all the newly destitute people.
At that point I'd have to seriously question the Q objective.
There is a very vocal contingent here who are expecting/hoping for a huge upheaval of the social order. They're not shy about telling everyone that they want normies to suffer. A lot. Some are positively gleeful about it. And then they start talking about how great they will have it, because they bought a few ounces of gold here and there.
Somewhere along the way they lost the plot, I think. Because actively working to cause normal, everyday people to suffer and die while counting your money is definitely something you'd think the deep state would do. Not those who are supposedly opposed to such things.
Somehow those people forgot about all that, in favor of fantasizing about how everyone who mocked them would suffer and regret it, and how they would suddenly become wealthy.
And who has developed an NFT platform? GAMESTOP. Might we see GME crashing wall str - no bailout this time - GAMESTOP NFT based replacement system?
I think that GME may very well have been designed to show us the way to a Free Market economy.
I'm not 100% sure about that (I still need to dig a bit more), but I think its quite possible.
"...any asset that can be tied to a NFT"
mind blown. i knew the people hating on NFTs were wrong, I just wasn't sure why.
It’s not “just” the money. It’s the debt and even bigger is the derivatives 600Trillion market,
Derivatives all fall into gold. https://youtu.be/6-kAz2dnN5Y
Yes, I cover that in more detail in the link in the post above.
By the way, "the debt" is the money. They are the same word. There is no money that is not debt.
Thanks! And I appreciate the extra link.
I dont believe the value of gold has ever changed, its the value of the fiat thats used to buy gold that has changed. It takes the same amount of gold to buy 1 loaf of bread today as it did 100 years ago. Trying to figure out the value of gold using fiat as your benchmark will never work.
So perhaps you set your new gold based currency as 1 unit for 1 loaf of bread. If the value of bread has always been 1 loaf for .1 gram (an example not actual value) golds new value in gold backed units would be 280 units per ounce.
The difficulty would arise when converting your fiat to the new currency. Your golds actual value will always be the same.
I suspect the WHs have a team of Patriot economists working on this problem.
I like silver shiny myself. It has way more potential upside.
Shh.
I'm pretty much through buying for awhile.....
Oh, I'm buying as much as I can once my paychecks go up in September. If fewer people buy it in August, the better chance that there's some still available 1st week of september. Hence the "shh".
The "elites" would never let gold be the currency reserve. So if "gold shall destroy the fed" comes to fruition it would be patriot controlled. In that case it may initially go up or down but in my opinion it would soon level out and become stable. I own some gold but mostly I own silver for SHTF trade purposes. Much more important than gold or silver in a SHTF situation would be bullets and beans.
It wasn't gold will destroy (THE) FED. But gold will destroy FED. I dont remember who or what the FED is right now, does anybody know the answer to this ?
Foreign Exchange Department.
u/#q2619
https://badlands.substack.com/p/master-and-commander
Thank you for that !
Have you read that badlands article? It's very interesting.
Just read it. Thank you !
Thank you for posting this. It is an excellent analysis, and I may not have found it on my own. I need to start following this.
You might like this guy too. He is not as in depth as the Badlands writer, but he touches on more topics
https://www.coffeeandcovid.com/p/succeeding-backwards-monday-august?utm_medium=email
Thanks!
Badlands is pretty good, especially this writer. And, you're welcome 😊
Here is the referenced Q link but I don't have an answer to your question.
u/#q2619
The FED is the Federal Reserve owned by bankers. They print our fiat currency which is why gold will destroy them.
Don't count on debt forgiveness, that's all a scam. Do things properly. Don't give them a reason to come after you.
Who says I'm talking about you or me? I'm talking general economics just like you. Millions of normies are wondering what to do. Our website says, "our mission is to redpill normies", and that is always my audience. This is a public board.
I'm reading all this and agreeing in principal but also worried as all get out because we've scrimped and saved and paid off our debts and started a nest egg and did everything we thought was right. We carry no debt, and while this path may help many people, it sounds like we're getting screwed over. Again.
Debt free as in the US Gov't is debt free, or every citizen's debts are null and void to whomever they owe debts to such as big banks?
Big difference. If all of our citizens are unshackled from their debts entirely the economy would EXPLODE with how much more money people have to spend.
However if he just means the US Gov't is debt free then that's not quite as exciting.
The problem with just "a gold standard", as has been shown since its inception, it is vulnerable to abuse.
A bi-metal system is much more robust, as these naturally pivot around an equilibrium.
Having said that, there are potential solutions to even go steps further and bind it to more precious metal types, or even assets.
To answer your question, there is no need for a "gold-standard", to make an revaluation of a tier-1 asset very interesting if not compulsory. since jan-1 2023 Gold to Banks are a tier-1 asset. Hence, the motions by CB's and other banks to acquire as much as possible.
At the same time, the casino, meaning throwing paper contracts at the price of gold and silver in order to suppress its price, is in sunsetting due to the fact that since jan-1, if you want to use paper contracts, you have to deposit the goods. So, many are no exiting the casino and trying to alleviate themselves from bad footing.
At this point in time, the number of tonns of gold the US treasury has, are valued against 35 to 45 dollars an ounce.
So, it is waiting for that one CB that goes into revaluation mode, the rest will follow, as it would signal an end to the "leaving the casino"- period. The FED is then the only one left. That is when GOLD shall destroy the FED, as the FED ......well ... turns out to be bankrupt.
Admittedly, the FED does not understand gold. They understand paper.
However, it would alleviate some of the pressure on the US debt. I would anticipate an even bigger revaluation, since the debt is, eh ... out of bounds. But that would case inflation on a scale beyond the thermometer I have.
Imagine. First revaluation happens to a level of say: 2000 an ounce. That is only to recognize the reality, to square the books. Depending on the amount of gold retained ( 8000 tonnes? proven reserves under ground?) the Credit of the USA may get a boost. However, going beyond that ..... a revaluation to 10.000 or 20.000 FRN per ounce, would totally destroy the FED and the FED-note. By the way, it would also destroy the Euro and the Yen.
It would also impact the prices domestically. It may even cause an inflation beyond measure. Afterall, the value would then be 450 times lower than currently is the case. It would be like having bought bitcoin at 65.000 and finding it went back to 144 dollars. 30 trillion,all of a sudden, becomes valued at 67 billion or so. I guess it would spell doom to the FED.
The USA is quite a remarkable country by it's resilience and recuperation ability.
Sorry fren, you're looking at it backwards. In 1930, one once of gold was valued at $30. $1 dollar today buys the same amount as four cents did in 1930. If, in 1930, someone buried a can with $30 in it and another with one ounce of gold in it and you happened to find them both, one can would be worth $30, the other can would be worth close to $2000 in today's valuation. One ounce of gold in 1930 buys about the same amount of goods as one ounce of gold does today.
If gold were priced at $35 an ounce and everything else were the same. All the gold for sale in the world would be gone within hours. The only way to stop that would be to have a ban on gold. The moment "they" decied the price they have already destroyed the market. In order for a gold standard to work gold cannot have a fixed price. It has to be allowed to find it's natural price... A price that buyers and sellers agree too without outside forces interfering.
The gold standard works, in theory, if they only print money that they have gold to back it with. This is what the US did, and every dollar could be redeemed for its equivalent in gold. In this sense, they didn’t ‘fix’ the price of gold, but the currency perpetually reflected the direct value of gold. The government held the gold in trust and people used notes as a more convenient method of transaction.
This worked perfectly for a century until the banks and the government pulled off a nifty little trick. They took all of the gold (wealth) backing the currency for themselves, and convinced the people that the paper notes on their own had value. And then they printed more of those notes for themselves, and used them to buy up key industries and influence. Fast forward a bit and we find ourselves where we are now.
Gold can have a fixed price. Just make a dollar out of gold, and not paper.
The very nature of capitalism does not allow a "fixed" price. True capitalism is willing buyers and willing sellers agreeing on price without outside (government) interference. Once you allow government interference corruption will follow.
The truth is this. With true capitalism Gold will find it's price. That price will be where the majority of willing buyers and sellers agree.
If we are not living in a debt based economic system it does not matter if gold moves up and down relative to other commodities. If we are living with debt then yes is it very important that the gold price remains fixed or only allowed within a certain band of prices.
Gold could have a fixed price in government currency only as long as it can be freely traded one for the other.
If the countries had a system like that we would be able to trade ANY countries currency for gold. Or any countries currency for any product or service. After all the currency is completely backed by gold.
My brain does not work well when it comes to economics and the like. So please, someone take pity on me and explain some of this stuff to me.
Why would gold be priced at $35/oz? I assume it has something to do with that being what it was priced at right before the gold standard was eliminated? But why would we just go back to what the price was then? Many others here have mentioned how much inflation has changed since then.
And from what I understand, the fiat system we have now will have to be completely destroyed before we can reinstate the gold standard, right? So all these comments about the entire world's gold supply being bought up when/if it goes back to $35/oz makes no sense to me. Who is going to be selling anyone gold at that time, especially if the fiat system we have now has collapsed?
There is a lot less silver than gold available.
That’s the million dollar question. Been wondering the same.
Wouldn't it make sense to exchange USD for gold at the current pricing? That is $2000 becomes one ounce. Then fractional ounce coins are minted, or paper certificates that can be redeemed for gold. That's how it was before with gold backed currency, right?
I think you’re looking at this the wrong way. An ounce of gold will not be ‘revalued’ at over $20k. The dollar will collapse and will increasingly become valueless. In this sense, as the Petrodollar collapses, the price of everything will rapidly increase. I know this will seem like a revaluation because the cost of gold/silver will skyrocket, but it’s a subtle but important difference.
Someone on here a while back did some math, and if the government took the current known US gold supply and spread it across the total issued US currency, they would have about a grain of rice sized piece of gold for every $2000 in circulation. Just to contextualize how out of control the money printing has been… and it’s getting worse.
Valid question.... I too have bought and lost a few gold and silver coins over the past couple years.... all of the patriot channels are pushing gold and silver as a hedge against inflation, which makes sense... but it’s also based on market fundamentals. And us anons are pretty much in agreement that economic collapse is imminent and necessary... so how do precious metals fit in?? I mean, no one can say with any certainty right now what’s going to happen... it’s a complete bet. And you’re right... for those that are investing heavily in gold / silver with their retirement have a chance at losing a lot of value..... been wondering the same things myself.
First off, sorry to hear about the loss of your coins. I had a tragic boating accident myself and can relate.
I think we need to look at the root cause of what is happening… the petrodollar is collapsing. In this sense, things won’t necessarily get more valuable, but the dollar will lose its purchasing power. It’s happening relatively slowly right now, but it will snowball to the point that you will need a wheelbarrow of paper money to buy an ounce of gold in a few years. An ounce of gold or silver will continue to be the exact same ounce of gold or silver, and in a sense won’t be any more or less valuable. This is ultimately the real appeal because they can’t print more of it and it will hold its value.
Not financial advice, but it seems like a good play for most is to lock in all of your rates/costs, and hold real assets like gold or silver. This way, as the currency collapses, your assets go up relative to the dollar while your costs stay low.
Another thing to note is that anything that enhances productivity and enables people to build, grow, or otherwise be self reliant will hold its value and be sought after in a collapse.
I hear you... and that all makes sense. But being a veteran Q follower and patriot, I’m hoping / expecting this process to not take years, and it won’t come to wheelbarrows full of benjamins. Granted, in that situation, could only be good if I could somehow find all of my silver and gold coins that I lost in a skydiving accident. But... assuming the ‘plan’ is more immediate, which I hope it is, how does gold fit in.
I would hope so too, but unfortunately the plan isn’t going by a timeline that really works for me. The sad reality is that virtually every institution, asset, and organization has been corrupted and hollowed out. People like my dad think that they’re well off because every month he gets a statement that says he’s worth $XXXXXXX amount of money, without understanding that it’s just a number and all of that can, and probably will be wiped out in a blink of an eye. I think the financial system needs to implode to completely wake most people up.
I agree... it’s the only thing that’s guaranteed to get even the most ignorant peoples’ attention.... but I’m at a loss what to do. I don’t feel comfortable converting ALL of my money into gold and silver.... so I’ve just been saving, but I’m worried because that money is just losing value by the day. I don’t know that it’s a good bet to invest it in real estate because property prices are still crazy high and interest rates are astronomical. Trying to be smart, but there are so many ways the future can play out. Fundamentals are out the window. Personally... I think the US economy is already beyond the precipice of collapse.... it’s only through free printing, media narrative spin and manipulative accounting that there exists an illusion of stability.... any day now, I think the free fall starts. I’m just trying to come out of this better of than I started... financially speaking
I’m not putting all of my eggs in one basket either. I converted some of my investments to bullion, but my RRSP’s get taxed at 50% if I pull them out, so I’ve weighted them more to commodities and “production” stocks. Hopefully those will hold value or rebound.
I’ve also made sure to stock up the pantry, bought water filtration, and a generator. This stuff is always good to have on hand anyways.
I’m really hoping that they will minimize the damage, but I figure that we’ll spend a few weeks/months staring into the abyss wondering how virtually everything we had was stolen/destroyed.
Between the coins and the guns, I wonder if there is any room left in lakes for water.
Minnesota has your answer.
When the FedRes Dollar collapses it will be necessary to issue a new currency for the USA internal use as well as another US currency for payment of international trade. This is where the BRICS system will become dominant over the existing system. The crooked USA/Rothschild system will NOT be the decider of either the price of gold or the exchange value of US currencies. Both gold and NewDollar values will be set by the BRICS countries not by the USA. IMHO.
It will be interesting times ahead, we are renters and I'm considering paying rent and utilities ahead.
Once the shizzle hits the fizzle, the price of gold will be determined using three different methods simultaneously. There's the price that London announces it should be. There's the price that someone with a calculator says it should be worth. And there's the price that any two people making a deal agree that it is worth.
Say you have a gold coin and your food rations have run out, you're starving. Someone is selling his cow. Guess what? The cow is probably going to end up being priced at one gold coin.
It's hard to talk about the value of gold as the current prices have been manipulated for years by using paper gold sold multiple times. This was done to hide the devaluation of the fiat dollar since 1973. If you are comparing today's fiat dollar, then your estimates above would be spot on; however, there will be a revaluation in the near future and I believe the value will be set by the BRICS nations. Russia has already set a value with their gold back ruble for oil at 6,000 rubles per gram of gold. You can do the math.
If we went to a __________-backed currency system, the price of ________ would most certainly increase.
Gold @ 100k/oz would change a great deal about nearly everything.
Gold will always be gold. If they put it at 35 dollars buy the everliving FUCK out of it.
Everyone should read up on everything that people experienced when they transitioned from the D mark to Euro in Germany around 2000, just to get some insight.
I find it interesting that the Mark was introduced in 1871...
Pretty obvious they were never lost or tossed so why keep up pretenses when you aren't even using your name on this board?
More like duper's delight I think in this case.
Not sure why you think the "new" valuation of gold would be $35 an ounce.
"I just can't see the elites letting people get "rich" so easily."
The elites will get just as "rich," so I can easily see it.
If there is a trade deficit of money going outside the USA, then the USA will have to buy gold to balance the deficit.
Big deficit -> big purchase of gold -> price goes up
There was a time when the US government made it illegal to hold gold. That will happen again and we will not be able to sell it. Just a theory.....
Not gonna happen. The Federal Reserve note that we today call the dollar will be gone once we move to gold.
Can't decree $35/oz after printing trillions of dollars. That's why they had to abandon the peg in the first place.
Your scenario would necessitate that the dollar greatly increases in buying power.
Buy physical gold. I have assorted crypto and gold. Don’t buy meme coin dogshit and you will be fine. Use a U.S. based exchange like Coinbase.
Atom/Cosmos is returning 16.99% at the moment for staking rewards. I’m making a new coin a day in just staking fees.
Whatever happens, diversifying is a good strategy if you can do it. One guy made it through the collapsed Soviet Union by going through the villages selling flip flops.
Patriot’s in Control, Not “Elites”…🤔
If gold is priced too low, people turn their dollars in for gold until there is no more gold in reserve.
So figure it’s going to be the amount of dollars issued divided by amount of gold held in reserve. At that point there is equilibrium.
Gold prices are repressed by the paper market. The institutions doing naked shorts to keep prices low will be killed off.
A gold back currency is getting ready to make an appearance. BRICS and operation sandman are scheduled for August. Gold and silver will hit ATH. The USD will not be worth the paper it's printed on. Oh and I almost forgot, FJB