Wednesday
Maybe, but not yet.
The thing to be crystal clear about is that it is not the value of Gold rising; it is the value of currencies falling.
All of them.
Gold as the one and only money is the measure of value, not the measured.
Sovereign and state debts (bonds) are on their way to being unpayable. Even the interest is so vast that it cannot easily be serviced. Soon it will be impossible. The collapse of bonds means the collapse of the debts. The collapse of the debts means the collapse of the currencies which are simply representations of the debts.
Sovereign bonds with zero value equals sovereign currencies with zero value.
So, where is the value in buying Gold (and its surrogate silver)?
When the currencies begin to seriously degrade then assets will flood the market as people urgently try to raise enough ‘money’ to make ends meet.
The value of Gold is in the prime assets that will be available at fire sale prices. Silver will have the added value of being useful for day-to-day purchases when currencies collapse.
The trick is to try to ensure that you can hang onto your Gold/silver long enough to take advantage of that once in a millennium opportunity.