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Gold/Dollar Ruminations

April 1, 2020 By Philip Barton

Wednesday

The one and only reason for the impending fall in the $POG is that with business in lock-down, mass and instant unemployment and the stock market falling, no one can pay their debts.  This is creating a cascade of non-payments that heads all the way back to the banks.

Some people will be forced to buy dollars with their Gold to remain solvent.  The $POG will fall sharply.  It will not take long to clear the decks of these unfortunates.  Then it will reverse and Gold will again highlight the follies of trusting fiat debt notes to store value.

Do not switch your Gold into dollars unless you absolutely have to.

Do not trade based on this prediction.

Nothing much is in the ‘for sure’ category at the moment.

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