Why the price of Gold is breaking new records

28-07-2020

We have made it, the final hurdle has been overcome. While gold already reached all-time highs in all major currencies around the word, the dollar was still stubborn. Now, the 2011 highs have been broken. Many people will tell you that the rise in price only has to do with the uncertainty in the market due to the Corona Virus. However... they are wrong. Gold might be the most mis-understood asset on this world. People regard it as just a 'shiny rock' or denounce it as 'a barbaric relic of the past'. What they don't understand is that the world has been robbed from real money since 1971. Since then, people have been regarding their dollars, pound, euros and other forms of currency as money. In 1971, Richard Nixon took the dollar of the gold standard, marking the beginning of an era of free floating currencies based on nothing but trust. Trust in the competence of governments and central banks. People don't understand the difference between money and currency. See... for something to become money, it needs to adhere to a few standards. Money needs to be a medium of exchange, a unit of account, it needs to be portable, divisible, fungible, and it needs to be a store of value over long periods of time.

Please visit  https://wtfhappenedin1971.com/

Now, this last part is where it becomes interesting. Your currency, doesn't matter which one, does NOT store value over long periods of time. In fact, it does the complete opposite. It LOSES value over long periods of time. Therefore, if you are saving in your local currency, you have basically given up on your long term saving goals. Because while the numbers in your account might go up every time you add a little to it, the amount of stuff you can buy with it becomes less. Don't believe me? Look at these few little charts I have added to the bottom of this little text. A dollar and a euro are currencies. Gold is money. Please understand the difference. The reason of gold's surge is the fact that every single day, trillions of new currency are added to the supply. In the end, this will inevitably lead to hyperinflation as has been demonstrated countless times already in history. Oh wait, I said 'lead to'? Sorry. It's already here. Many of you might think that price increases is what determines the amount of inflation. The definition of inflation is simply making something bigger or adding to the already existing supply which is what we are doing now with our little printing presses. Price increases are merely a symptom.

Please visit  https://wtfhappenedin1971.com/

The big players have turned the tables already. The last few months, new records have been hit in both the amount of physical and paper gold traded on the markets. And with the mines closed due to the pandemic, an incredible supply crunch is just waiting around the corner. The COMEX vaults are facing incredible problems with their deliveries and countries all over the world have been buying record amounts of gold. Something big is coming, and ill-prepared people who still believe in their local currencies will be hit the hardest. Mark Twain said it: 'It isn't what you don't know that gets you, it is what you know for sure that just isn't so'.

So when you see the price of gold going up, just remember: it isn't. It's your currency losing it's value. Every. Single. Day.

https://wtfhappenedin1971.com/