Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Dollar-Priced Gold

IMG Auteur
Published : September 06th, 2012
687 words - Reading time : 1 - 2 minutes
( 5 votes, 4.2/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

 

 

 

 

I have long emphasized a point that few – if any – discuss regularly. To me, it’s not just the MOST IMPORTANT VARIABLE in understanding REAL MONEY; but ultimately, the key to the Cartel’s demise, and with it, the GLOBAL FIAT CURRENCY REGIME. And that point, of course, is that the world DOES NOT revolve around the United States!


Twelve years into the world’s most powerful bull market – or should I say, the most powerful fiat bear market – I cannot recall a SINGLE DAY when the U.S. MSM, or newsletter/analyst community – discussed the movement of PM prices in anything other than dollars.


Remember, for a substance to truly act as MONEY – as opposed to just currency – it must meet ALL the parameters below. Dollars, Euros, and Yen only meet the two black-highlighted points – the LEAST IMPORTANT, I might add – as countless substances are both divisible and fungible




Conversely, only GOLD and SILVER are accepted mediums of exchange EVERYWHERE – which the dollar, Euro and Yen are decidedly NOT – and serve as reliable stores of value, exactly the OPPOSITE of the dollar’s performance during the Fed’s 99-year “reign of terror”…




Sadly, the secular, sheltered MSM – and much of the “PM community” – refuses to acknowledge, or even understand, that these issues are not just American, but GLOBAL. And equally important, that PMs are not only priced in dollars. The fact is, essentially EVERY country has its own fiat currency; most of which have been anchored to the failing dollar since the gold standard was abandoned 41 years ago – and thus, will soon be DEAD…


The Average Life Expectancy For A Fiat Currency Is 27 Years … Every 30 To 40 Years The Reigning Monetary System Fails And Has To Be Retooled


Because the U.S. dollar was granted “reserve currency” status at Bretton Woods in 1944 – the world is DROWNING in dollar reserves. Nearly all nations have been furiously trading them for ITEMS OF REAL VALUE, but there are simply too many to go around, chasing an increasingly scarce supply of “THINGS”…


Why Central Banks are Buying Gold


Thus, currencies are ALL falling in value against commodities – GLOBAL RECESSION NOTWITHSTANDING – some more than others. The dollar has certainly been weak, but remains atop the “currency totem pole” due to said reserve status. Thus, currency collapse, and the resultant inflation, has been greater EVERYWHERE – as reflected in higher-priced PMs in nearly ALL other currencies. Not only that, currency “blocs” like the Euro are under pressure from the POLITICAL ramifications of ill-begotten alliances; thus, even so-called “first world” countries are experiencing surging inflation and collapsing fiat confidence…


Italians Squeezed by $9.50-a-Gallon Gas Face Costly Drive


…but then again, even “strong” political unions like the States are suffering from the final stages of “fiat cancer”…


Near record U.S. gas prices foreshadow new economic crash


The beauty about gold and silver – as opposed to “investments” – is they have inelastic supply AND demand. In other words, the higher the price, the higher the demand; and, care of the interaction of myriad factors, supply has an extremely limited response to higher prices and demand. Thus, as fiat currencies fail – one by one – GLOBAL PM demand increases, while supply remains stagnant. As I write, numerous currencies have risen to within a few percent of last year’s ALL-TIME HIGHS – most notably, the WORLD’S TWO MOST IMPORTANT MARKETS – Euro gold and Rupee gold – as I write about most every day.


Each time PMs hit ALL-TIME HIGHS in another currency, demand growths surges further – but particularly, when the two billion people utilizing Euros…




…and Indian Rupees realize their currencies have officially become TRASH against REAL MONEY.




In my view, these two events – likely to occur simultaneously – will catalyze the long awaited PHYSICAL PM mania that causes the GLOBAL financial system to quickly unravel, with the FINAL BLOW to occur when “DOLLAR-PRICED GOLD” breaks its own ALL-TIME HIGH of $1,920/oz – and subsequently, the ULTIMATE KEY ROUND NUMBER of $2,000/oz




PROTECT YOURSELF, and do it NOW!


 

 



Companies Mentionned : Gold |
<< Previous article
Rate :Average :4.2 (5 votes)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
41 Facts about Central Banks no ...
18:48prljr
Common sense and logic dictate that if this was taught in schools it would not exist as it has these past 100 yrs. The monetary system is a CON a L...
41 Facts about Central Banks no ...
19 Decsamking73
I'm not sure that much was taught about the central banking system back when I was in school...25 + years ago. At least not the important parts.
Gold & Silver Market Morning
19 Decend
If you trade XAU/RUB and have bought XAU using RUB, you should have closed your position as he advised. Then you should have switched, buying gold ...
Muslim terrorism, the left and t...
19 DecFirebear1
All please understand this person was a Muslim,that was his believe! His character was that of a criminal as was shown by his action on the day and...
Napoleon vs. Cheney: "Interrogat...
18 Decwalmarde
Torture just put the moral line lower. Lets think about American exceptionalism. What we want ? we want to spread and defend that exceptio...
Napoleon vs. Cheney: "Interrogat...
18 Decwalmarde
Utilitarianism is bad philosphy. I'm also very disgust about torture. It will backfire in our face. We are now no better than ou...
Napoleon vs. Cheney: "Interrogat...
18 DecJosu O.5
I cannot overstate how important is that every american read this article. It's absolutely wonderful how you have summarized every aspect around to...
Muslim terrorism, the left and t...
18 Decend0
Does anyone still wonder why is Australia hotbed for second generation Muslim migrant radicalization? Does anyone still need an explanation on why ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.