Remember the parable of King Midas.
I’ll stay simple and grow food.... That’s the true gold.
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I don’t disagree. I just don’t quite know what the relationship is between your point and what I posted.
I don’t see gold as the solution for the future. Yes, it’s better than nothing which is what currently backs our currency...
We switched to the petro dollar under Nixon when he took us off the gold... wasn’t it 1973 when he said that we would no longer redeem gold for dollars and our currency started spiraling. So he negotiated the petro dollar as the gold replacement by guaranteeing military protection for the Arab countries. I could be wrong, but until we find a replacement for oil, the petro dollar has given us a lot of roller coaster rides in the past 40 years.
This is my humble opinion based upon the school of hard knocks and a good memory (but it is short.)