To use gold as money you can just simply use it, that's all, no need to tie it to some fiat promotion that would tarnish it by association, the politicians would be playing with it forever ... beauty of gold is that is independent, appeals to the independent of nature for that reason imho .... so, just use it - quite possible nay efficient in an electronic age - goldcurrencies.ca
In a previous post you say if the PoG rises then so will production .... well sure, for a while ... then where will producing majors get their reserves? .... they've been creaming them in the low-price environment, every day bigger holes in ground and less metal ... gold is quite rare on this planet, btw ... so how do majors replace reserves? - they buy them from juniors, that's how - geoshares.com ... that's just one junior, another i was adding to in December had at the time a market cap of about ten shares of brk.a and has likely imho a whole lot more metal in the ground than brk.a
In another post you ask what caused PoG of 800US in 1980 ... speculation, that's what ... 'the trend is your friend' taken to extremes as always, people were quoting it as gospel on ridiculous dot.bombs not long ago ... once an undeniable confirmation of PoG bull occurs, the whole psychology changes ... and changes, and changes, and changes, plus ca change, plus la meme chose |
