One should not be concerned about a gold price measured by the standing suspect monetary regime. The value placed on Gold in terms of fiat currency solely backed by the good faith and credit of bankrupt Governments whose Central Banks are counterfeiting paper money is only as viable as the presiding monetary authorities legitimately maintaining their credibility and supremacy over time.
The inevitable failure of the western world’s financial system will leave gold as the only veritable store of value still standing. After the caapital and economic breakdown befalls, the trust between the nations tied to the previous monetary order will have been irrevocably shattered. Gold then emerges as the essential and only long standing common denominator between sovereign States that no longer value each others’ previously accepted paper obligations, having been entirely discredited, which hitherto had facilitated the exchange of goods and services between them.
The severe monetary, commercial and geopolitical dislocations that invariably ensue, unalterably follow the collapse of the previous global means of exchange, in this case the Dollar. That is precisely the moment Gold takes center stage. As, when the dust finally settles, the only remaining store of value still trusted and acceptable as a means of fair trade is gold. It consistently has been for over 4,000 years of civilization’s monetary history, which is about determinative a probability as they come.
Finally, a new monetary system is eventually invariably reestablished between the decimated distrusting parties, forced to the negotiating table so as to resolve the ongoing global financial cataclysm, which can only be based on a universally recognized currency, that has always been gold. At the end of the day, the honest and genuine hard asset class is quite simply in a class of its own, unequivocally valued by all concerned parties, particularly at that critical perilous juncture in time…..
It’s really that simple……….the only pertinent question remaining, is when it will not be a Happy New Year for our cocksure monetary mad men?
Oh, and for my friends that incessantly dismiss gold as a barbaric relic, please be advise that the metal remains the best performing asset class of the new monetized millennium, by a country mile. Be sure to let me know when that changes……
Moreover, Gold is simply financial insurance, whether you paid $425 per month or $650 per month for the coverage becomes entirely irrelevant when the instantaneous incendiary inferno burns down your home………………Capiche?