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Posted on 04/21/2025 8:28:58 PM PDT by RandFan
@PeterSchiff
Gold is not just any commodity, it's money. Under normal circumstances gold does not move the way it is now. It's already up another $58 tonight, trading above $3,483. This is the end of the U.S. dollar's dominance. Life in America is about to change in ways few can imagine.
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Sounds like a doom-and-gloom prediction global warming cultists would make.
Always has been. The US has been in decline since it went off the gold standard in 1971.
Yes I agree it goes back a long way
A Reset is happening
I listened to a recent Peter Schiff video on this topic and started laughing.
He treats minor market moves (in the stock market, bonds, gold etc.) as equivalent to the end of civilization.
I cannot take him seriously.
We do have serious issues—and the administration is working on them.
Only time will tell if their efforts are successful—but the claim we are in an urgent monetary crisis right this moment is absurd in my view.
Just due to our HUGE DEBT, we were drifting towards losing our Dollar dominance before Biden’s bunch decided to start their proxy war against Russia. But their war SUPERCHARGED the move and now the Neocon Chickens are ‘coming home to roost’.
Gold moves up under threat of war.
Here we are.
Why has Silver not shot to the Moon ?
we already know that we need rare earths that we never stockpiled and mostly China produces.
No one knows if we have a huge stockpile of gold or silver
but I am guessing we do not.
we had a huge stockpile of silver in our currency, but mostly that is all gone and since it was not taken out of circulation by the govt it was by the people.
so probably they could get all they wanted for $75 oz
95% of dollars are electronic. Good luck taking people back to the 19th century in all their transactions.
Is it true that gold is not increasing so much as the dollar is shrinking in value?
I think this is true, if not, let me know.
I would say it is still a store of value when a 1964 quarter is worth $4.10 Try cashing in a 1965 clad quarter at a coin shop when you need a gallon of gas. It has fundamental value. Always did, always will, unlike fiat currencies that always go belly up historically.
Gold needs to get up to around 3485 to match its 1980 high due to the eroding paper dollar which is worth 3 cents in 1913 dollars.
US is going the way of Great Britain....Both were great now they are not...
Americans don’t quite understand what is happening…when they finally figure out that Gold isn’t rising, but it is the USD that is losing it’s purchasing power - the rush to Gold’s security will be met by little to be found ( premiums will be historic).
ALL the world’s currencies are fast losing purchasing power….history shows 4,000 paper currencies have all given up the ghost….the USD is no different.
Just broke the 1980 high adjusted for the shrinking dollar.
How is life going to change?....they all preach doom and gloom but never say what will happen in the average person’s life.
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