Not one in a million understand money…
Clearly, the mainstream media in the West thinks gold is a hangover from the past, no more than a rock to which a few investors still emotionally cling. And it is a fair bet that most emotionally attached investors are looking to profit from a rising price. In other words, they look to buy gold with a view to selling it at a higher price. But this contradicts an important fact: gold is the money, and your currency is not.
Profit seekers have it the wrong way round. They should be getting out of currencies altogether because they are credit. And it is increasingly obvious even to the financially impaired that credit risk is now escalating.
Before Bretton Woods was suspended in 1971, currencies were always priced in grains of gold, because gold is the money, and currencies are credit issued by governments. Currencies operated as gold substitutes, being exchangeable for gold. Admittedly, exchange for gold became increasingly tenuous as governments interfered in economic activities from the 1920s onwards expanding their debt in the process. But the fact that gold is the money and all else is credit has never altered.
For evidence that this is so, central banks which are the ultimate insiders have been
