you are correct with the estimate
as to why not 100%, because the road is long, as there is still the 60, 70, 80, 90, 100 years mortgages, and the popularization of reverse mortgages, as well as progressive trade wars, creeping capital controls, the the eventual de-legalization of gold ownership, etc ... the script plays out pretty much the same way each and every time, namely
debt, more strange debt, more unnatural leverage, more controls, more regulations ... then, depreciation, devaluation, default, depression, confiscation, redistribution, evaporation, etc
and so the 90% is busy earning units of exchange for more gold |
