Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn’t have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
September 9, 2023 // I believe when it’s finally set free. Gold will skyrocket like nobody has ever witnessed. When will that be? Well in my estimation, when the US dollar crashes to its lowest level in history, which I believe is just around the corner. Let’s just say we are standing on the edge of a cliff right now.
Global economies are all in a state of havoc after the C19 episode and are now working to stabilize their own worlds and secure their own economy. Like a mother putting an air mask on first before taking care of her child, so she survives to resecitate her child.
China and other world economies are purchasing tons of gold to fill their coffers while the US is working to bolster their fiat and electronic exchanges. Preparing for CBDCs to be their basis of exchange they will need another crisis to implement their new currency. I believe by then to many people will have become awake to their plan and will start to purchase or exchange their fiat currency for the soft metal and the already dwindled supply will cause a panic in its own as supplies become rare even on the streets. The prices for the metal will quickly skyrocket at that time as new customers try to exchange their paper for gold. It will already be to late even by the second day as warehouses dwindled supplies are exhausted. On that day gold will at least double. With that said, only a fraction 1% to 2% of the people will have got their hands on the precious commodity for security and investment. It will become one of the most sought after things on the planet.
As barter networks and other commodities like grains and rice become the next most desirable for trade gold and silver will again become the bargaining chip from region to region. This will become what I call the 4B’s economy. Beans, Bullets, Bullion and Barter. I know what you are thinking, we will never see that in our lives. That’s the doom and gloomer’s nightmare, and we will never get there. Our world is just to complicated and intertwined for it to unravel. BlackRock is to big to fail.
I’m sorry to say, that’s why it’s going to happen. To many people believe it can’t happen and put to much faith in their government. Just take a moment to look back at the picture in September of 1929 in US history. What happens next back then, is what will happen next for us on a global scale.
In closing I can honestly say, that everything that Alex Jones is saying here has already happened.
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