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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%4:00 PM EST

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To: TobagoJack who wrote (164015)10/21/2020 2:38:47 AM
From: sense  Read Replies (2) of 217744
 
how much a cup of coffee might cost at that reset juncture.

Maybe only $500... or a (real) dimes worth of silver ?

Lots of people fail to think that through as you did... when thinking that gold at $50,000 an ounce will mean they're filthy rich... when most of what it will really mean is that the gold didn't lose value... that the currencies did.

Metals "as money" have been suppressed long enough, though, that they HAVE lost the utility value of money... so that there probably is some very real, very big upside inherent in just getting monetary metals back up to being priced in a way that allows them to be used as money again. If restoring "trust" in money, at some point in the (near) future, requires re-attaching it to an immutable base... gold and silver holders will gain real value... very similar to the nature of the change in dollar terms that's occurred in bitcoin... And, when the next Carrington Event hits... it won't evaporate...

The flip side of the same error made by gold's detrators... is in claiming you can't make gold be money again... because there's just not enough of it... ? LOL!!!

In any case, Covid has exposed "some" of technological modernity's inherent brittleness... globalism's lack of resiliency being what makes "preppers" suddenly look brilliantly prescient to those who, a year ago, thought anyone storing up a bit of surplus food in the pantry... were all nut jobs...

Covid likely to recede as an issue from here... doesn't mean the brittleness issue is "resolved" ?
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