The Future Path of Gold
There is going to be a lot of talk about gold. Even more than there is now.
Gold's price is going higher, meaning even more talk.
There will be even more talk. They will talk about gold as money. They will talk about a gold backed currency.
Then gold's price will go even higher, and people will start talking about paying off the national debt with the gold in Ft. Knox.
And then the reality of the Ft. Knox gold will come out. And it won't be something nice and easy like, it was all stolen.
Gold has been money for 5000 years?
This is the story that is told, and propagated around. Almost everyone believes it. Except for those who have studied money.
However, it is not really true.
The Incas and the Mayans used gold to make pretty holy symbols and useful utensils. (did you know that a pot made with gold is non-stick AND hypoallergenic?) They used jade as money.
The northern Indians used Wampum, a specific shell of a specific species of sea snail
Only in Western Europe was gold used extensively as money.
There are stories of a king from Africa who visited around the Mediterranean and spent so much gold, it depressed the value of gold for decades.
If you read the Vedas, and some other ANCIENT texts you find people talking about the time before money. And the time before notes (credit, or notes were used to balance future repayments. Like, when you butchered a cow, people gave notes, an IOU, because the cow is so big, and the repayments like candles or bread was not of equal exchange. This is also where "payment in kind" comes from. From Cows, there came calves, and that was the payment.) And before that, humans didn't use money. They seem to have had a much more elaborate system.
So, gold was not money in most of the world, and not in most of the time.
Why did we mine it, if we just put it back in the ground?
This question will be asked in the future. We will have bitcoin, which is digital, mathematical, scarcity. And, the people who argue that "gold is scarce" will find that it is NOT the case. So, people will start to ask, why are we holding onto gold, when it is not scarce, (and we don't know just how not scarce) and it is a pain to trade.
The question will legitimately be brought up, "Why do we spend so much, and disrupt so much earth, and make so much pollution to get gold, and then purify it, to then, just put it back in the ground (in underground vaults)?
Of course this happens after everyone is familiar with bitcoin and most people use cryptos. And most gold bugs have passed away, or have seen just how much better of a money crypto is.
At that time in the future, it just start to appear obvious that gold is not a very good money.
Gold is plentiful
But, here is the piece de resistance, scientists figure out how to vibrate gold out of rock. Basically, if you want gold, just go out to an area rich in gold, with your boombox, and get the amount of gold you need.
There is already so many stashes of gold that aren't known to the public. And as these get known, because of gold sky high prices, people will start realizing just how much gold is out there.
The Rots-childs could lower the price of gold to $20 an ounce, if they just sold gold from their stash directly to jewellers. And satisfy demand for a hundred years.
We will find that gold is everywhere.
And we will find that greedy elites have been hoarding it for recorded history. It is really just them who value gold, and worse, they try to use their hoard to control people (by controlling the money)
Gold prices go way up.
Everyone tries to own some gold. Especially central banks.
A new Dollar is created, backed partly by gold.
Central banks fall apart.
Cryptos are used by everyone
The elites / banksters are hunted down, and dug up out of their bunkers.
Gold goes the value of a pretty yellow metal
Gold goes even lower, as "mining" (boom box) becomes extraordinarily cheap.
Soooo, i suggest you buy silver while you can, and then buy gold if you can't find any silver for sale. And if you acquire some gold, keep an eye on things, you will want to sell it all before it starts into the downward spiral into oblivion.
If you hear gold being referred to as "the devil's money" or "rots-child's money" it is time to unload. (or it may already be too late. People will be hating the rots-child and everything they touch, like central banks).