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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

4:00 PM EST

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To: Rarebird who wrote (115883)	1/6/2024 10:46:53 AM
From: Real Man	Read Replies (1) of 116791

I personally don’t see it as a big deal. Gold and silver are constitutional money in the US, but the world has moved away from the gold standard for good even though it is still held in central bank reserves. The significance of gold reserves grew in the last 2 years as a way for countries to eliminate the risk of confiscation or other adverse actions. The biggest force before US became #1 was the British empire. The Bank of England moved away from the gold standard already in late 18-th century, to be followed by other central banks and finally the US in 1970s.

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