It depends (always the answer, right?)
The issue currently is that it is believed that the current world gold supply is oversubscribed. That means there is paper that has been sold, the amount of which in ounces is many times the amount that actually exists.
On top of that, it is also believed that where there is physical gold, some of it actually consists of Tungsten with gold on the outside in varying thicknesses.
When Reagan challenged the assumption that we’d always be at war with Russia, the key question he asked was ‘How big is their economy - actually.’
Same applies here - how much actual gold is there in the world?
I suppose that we as a country could unilaterally go to a Gold standard. A Gold standard currency system would then be up against a world of fiat currencies. I would think it might end up stabilizing the entire world currency system on that very hard peg.
There would be some instability to start, for sure.
Thanks. Am told Santa Fe Gold Corp is a very good buy currently at $0.08. Major players in it just put a lot more $$ in. Friend said they expect to be producing around $350,000 every other day within a few months. Could get interesting.
Have read that silver was a wiser investment. Don’t trust governments & gold regs/laws. Then there’s the national debt and Trump’s assertions via Q (IIRC) that confiscation of the assets of all the evildoers’ assets would pay off the national debt plus fund most of the needed infrastructure plus lower taxes yet again. Could get very interesting. What do you see as probable economic parameters (likely negative end/positive end) over the next 6-9 months nationally?
yikes...don’t say “depends” in a thread full of geezers...