RE: We Are RUNNING OUT Of Gold! - What This Means For Price Action by builderofcastles

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· @builderofcastles ·
$0.39
Gold is interesting.

Here we spend HUGE amounts of resources digging up ever more of this shit.  More of this shit then we will ever use.

There is enough above ground gold to give all the women some nice necklaces.  BUT, it is just sitting in vaults making no one happy or more prosperous.

Further, the amount of gold in vaults is WAY higher than any have even postulated.  And Bix Weir has postulated quite high.

The thing about gold is that all the old families have been storing it for centuries.  It is what they consider money, and they keep hording it.

BUT! without the gold circulating, it isn't money.   And gold, by itself is pretty much worthless.  Tarnish resistance is the only thing it really has over other metals.

So, the price of gold is going to skyrocket... because the dollar is going to fall faster.  And people will look for anything to hold on to.

However, crypto-currencies will be the new money, making gold pretty lack-luster in that arena.

Further, it will soon be found, a method for vibrating gold out of rock.  So, you can have all the gold you care to accumulate.

On top of that, it will be known as Rots-child money.  And there will be a lot of people who will stop accepting it for value.

But silver, that is a different story.
Everything in this article applies even more to silver.
Further, silver is about to become a lot more valuable as new inventions NEED this metal.  Think about something more important and vital than smart phones, that all need silver.
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