The long-term rise in the price of Gold is explained by the fact that it is not the value of Gold going up, it is the value of the currencies going down. In other words, it is taking more dollars to buy Gold because the value of the dollar is falling.
There are two other factors attached to the ‘price’ of Gold.
The first is that the current value of Gold, as measured in currencies, does not fully take into account Gold’s historic role as a store of stable value – i.e. those who hold Gold will carry that value into the future. Those who hold currencies will not.
That principal role of Gold, with us for the last 3,500 years, is almost unknown today, and thus not much factored in to the price of Gold. That value will become more broadly known and, when it does, the price of Gold will skyrocket.
The second factor is that when the currency collapse begins in earnest, so will the value of most assets, not just property.
The bottom line is that Gold is going to be holding its value while almost all asset classes collapse in value; i.e. your Gold is going to buy more – a lot more.
Dump your dollars, and dollar denominated assets and gather as much Gold and silver as you possibly can.
The world is going to be a nastier place for a while. Being able to conserve your wealth will soften the blow.
Do note that owning a currency ‘backed’ by Gold is not the same as owning Gold. Gold is money. Paper currencies ‘backed’ by Gold will devalue just like all the other paper currencies.
Holding Gold ‘backed’ currencies is expressing confidence in the trustworthiness of governments.
No more needs to be said.