Sunday
Two contacts in the past week were salivating at the prospect of the price of Gold rising. It calls for a comment.
For the umpteenth time – it is not the ‘price of Gold’ going up; it is the price of the dollar falling. The value of the dollar, as costed in Gold, is weakening. Fortunately, not a lot.
You silly fellows. A currency collapse, which is what you are rooting for, will be a catastrophe of historical proportions. When the US$ collapses, all of its derivative currencies, all of them, will also collapse.
Do you really want that?
Can you not follow the simple logic to see where that leads?
Can you not understand the ramifications of a cessation of international trade?
You will be hunting rats and magpies for food. Rats are, apparently, quite tasty, but very hard to catch. Magpies are easy to catch, like seagulls, but I can personally vouch for the gastronomic inadequacy of both.
Anyway, the good news is that there is no sign of a US$ collapse in the near future.