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Someone printed the price of gold inflation adjusted since 1720 and we are at historical lows.
As a percent of US monetary base it is also at historical lows.
When this FIAT BOND STOCK bubble supernova explodes like no one has ever seen... Could be a comeback for gold.
Somewhere around 5000 is kind of the average, more before fiat etc.
$5000 per ounce is not that ambitious. $10,000 is quite ambitious but not impossible.
The FIAT BOND STOCK bubble is just going so crazy, especially the US money printing thing, and germany interest rates of -0.40% historical lows and every noob is buyign stocks and the whole fiat system has gone crazy. The pound has been around for 3 or 400 years and could/can last alot longer as it has been consistent.
Not impossible since central banks are trolling we just go back to a "real" currency.
Apart from gold (and silver) I do not see what else.
There are no other option. That I know of.
"replace currencies by merit points where every one is justly rewarded" ye sure xd
And those that think Bitcoin (LOL) we won't replace some trash FIAT by another FIAT 10 times worse. NO NO NO NOOOOOOOOOOO. So obvious...
If people (that are blissfully ignorant now) get really pissed during the recession want to abandon this system...they won't just want to go back before it got too far they will go for the extreme. As they always do.
So the extreme is kill all central bank/government control of a currency I guess?
Going to depend if the bubble keeps getting boosted.
As a percent of US monetary base it is also at historical lows.
When this FIAT BOND STOCK bubble supernova explodes like no one has ever seen... Could be a comeback for gold.
Somewhere around 5000 is kind of the average, more before fiat etc.
$5000 per ounce is not that ambitious. $10,000 is quite ambitious but not impossible.
The FIAT BOND STOCK bubble is just going so crazy, especially the US money printing thing, and germany interest rates of -0.40% historical lows and every noob is buyign stocks and the whole fiat system has gone crazy. The pound has been around for 3 or 400 years and could/can last alot longer as it has been consistent.
Not impossible since central banks are trolling we just go back to a "real" currency.
Apart from gold (and silver) I do not see what else.
There are no other option. That I know of.
"replace currencies by merit points where every one is justly rewarded" ye sure xd
And those that think Bitcoin (LOL) we won't replace some trash FIAT by another FIAT 10 times worse. NO NO NO NOOOOOOOOOOO. So obvious...
If people (that are blissfully ignorant now) get really pissed during the recession want to abandon this system...they won't just want to go back before it got too far they will go for the extreme. As they always do.
So the extreme is kill all central bank/government control of a currency I guess?
Going to depend if the bubble keeps getting boosted.
Buy a retest of previous highs, must be alot of short baggies waiting to breakeven: