Does that apply to the guy who bought at $1700!!! Does that apply to the guy who bought at $1700!!!Gold is a very scarce metal that has served as a store of wealth for thousands of years, and always will be a real asset.
Trillions of dollars of printed fiat money backed by promises is, unreal.
Nation’s currencies come and go through the ages, ravaged by inflation & devaluation, and eventually become irrelevant.
The world lives in a debt junkie economy, existing thru increasing doses of no-interest stimulus $mack, not caring how toxic each fix is in the long run.
A junkie thus addicted, is assured to crash and die.
What will the dollar and paper be worth then?
When Reagan left office in 1988, the National debt was approximately 1 Trillion dollars and most economic measurements indicated the economy was FAR healthier and diversified than it is now.
28 years later, our national debt is 19+ Trillion dollars, needing zero / negative zero interest rates.
It’s obvious where we’re heading...