You can’t eat or burn it and the day approaches when you can’t spend it. I hope Soros is long on it.
I Think the bubble is paper
Yes, the hype is getting up there.
Oh I hope so and I hope it catches all those anarcho-capitalists gold standard types flat footed.
parsy, who is being mean
I could never understand this gold thing. No amount of gold will buy you food when our economy tanks. The only way to survive in that environment is to grow/kill your own food and barter.
Paper fiat currencies are in bubble territory. Gold is up 10% in a month, and that’s a “bubble”? Hardly.
But if gold looks good, silver looks positively ready to explode.
Your gold will only be able to do so much. Don’t forget:
Ezekiel 7:19 (New King James Version)
They will throw their silver into the streets, And their gold will be like refuse;
Their silver and their gold will not be able to deliver them
In the day of the wrath of the LORD;
They will not satisfy their souls,
Nor fill their stomachs,
Because it became their stumbling block of iniquity.
You can’t eat the dollar and it doesn’t burn well. And when the sh!t hits the fan, they won’t be worth squat. Meanwhile, gold will still be traded.
As for why gold has gone up... That’s simple. It hasn’t.
After going from $800b to $1.8 trillion dollars in cash... The dollar is decreasing in value
if gold was at $700 an ounce before dilluting the dollar, then it’s only natural for it to double if the cash supplied is doubled. And that’s without adding in all the other stupid things the admin is doing.