(1) Re <<The element of risk in gold and silver prices ...>>
See same ...
- upsides: more adoption, official aggregations, dilutions to save the greater-good, re-monetisation, etc
- downsides: illegalising ownership / trading, situation goes dire in some domains necessitating fire sale ahead of arrival of saviour liquidity, etc
(2) Re <<Gold being re-monetized... however it occurs... would drive its "price" vastly and rapidly higher...>>
- 'they' might try to bum-rush pricing down for another taking before surrendering, or for a top up before regime-change. Remember, they are scum.
(3) Re <<... recent decline in gold is directly linked to the development of the "alternative" in crypto that is presumed to operate as a parallel "secure store of wealth"... but crypto has never been tested in real market terms for that function. Gold, of course, proven in that function over thousands of years... also might be outlawed because of that function... as it has been before... but, so can crypto be outlawed... leaving an open question why it has been tolerated thus far, when no other counterfeit is ever allowed... And, both might have the same answer... as crypto replaced gold demand, lowering its price... the crypto competition being tolerated has made it easier for banks to acquire gold as Basel III deadlines loom.>>
I subscribe to what you had earlier noted, that the money pool aggregated in crypto, amplified by multiplication, is perfect for eventual migration to gold and silver.
W/r to illegalisation of gold and crypto ... 'they' might just do both, and try to knee-cap both. I would like to see 'them' try, for I am guessing they shall fail and that would help ramp both, at least in friendly domains.
I am fairly sure gold will continue to find friendly officialdom protection in South Africa, Moscow, Switzerland, Hong Kong, Singapore, and possibly Shanghai, and London, in that order. The only reason Sydney and Vancouver are not on the list is because they are suspects. |
