Loading ...I know there has been times in the last century, although few and far between, when gold and silver stocks have made parabolic moves similar to those of Auralite.
No question we are in a different time and the value of gold in monetary terms has been erased from the psyche of millenials and most of the western population in general. The central banks and gov’ts surely understand its importance as the US has now stolen gold from Libya, Ukraine and Syria through military efforts – so they know exactly how important it is.
Still, the allure and power of gov’ts to print unlimited amounts of worthless paper fiat is just too strong to want to limit themselves by backing their fiat with gold and silver.
That’s where we may be totally missing the mark with regards to gold and future value.
IMHO – gold will only ever back a major currency as a result of a world/financial war and that makes the assumption that all the central banks aren’t all in cahoots with each other.