Gold is money, everything else is credit.
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Exeter’s Pyramid. Fascinating explanation, the “ original “ by Exeter and today’s revised Pyramid. ALL of the world’s financial crisis’s are explained by it. One look at today’s “ investment’s” show how we stack up, it’s time, again.
https://sdbullion.com/blog/financial-crisis-protection
The sad part, today’s “ investors” have never heard of Exeter ( but the world’s Central Banks have)…. best for the youngsters to gain some Wisdom and Knowledge.
“Exeter’s Pyramid. Fascinating explanation, the “ original “ by Exeter and today’s revised Pyramid. ALL of the world’s financial crisis’s are explained by it. “
I thought all cycles were explained by Socrates’ Pi × 1000 / 365.