Golden Age

Today, gold (and silver) is owned by most people in the Western World.

Gold (and silver) is used in wedding rings, medicine, phones, televisions, computers, electronics, and automobiles. Gold is used in every industry.[1]

Major banks have been caught and charged in court for manipulating the price of gold.[2-5]

Even nations and banks have been buying and repatriating gold since the beginning of the Great Recession.[6]

Considering that Federal Reserve Chairman Jerome Powell is expected to announce a new rationale for more inflation on Thursday, October 27th, we could be entering a golden age for money too.[7]

“Gold is a currency. It is still by all evidences the premier currency where no fiat currency, including the dollar, can match it.” - Alan Greenspan, in an interview for the Council on Foreign Relations, Nov 2014

Treasury Securities owned by the Fed

The Federal Reserve will need to print even more money to loan to the government than they already have to pay for potential hurricane damage, the lockdowns, and the damage from the riots.[8] This will benefit the price of gold as the dollar is devalued.[9]

Is this the calm before the inflation storm?

“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." -John Maynard Keynes, The Economic Consequences of the Peace, Chapter VI pg 236

[1]https://www.hamiltonmobley.com/blog/the-commodity-theory-of-money

[2]https://www.bloomberg.com/news/articles/2020-02-05/jpmorgan-s-role-in-metals-spoofing-is-under-u-s-criminal-probe

[3]https://www.forbes.com/sites/greatspeculations/2019/05/20/yes-gold-is-being-manipulated-but-to-what-extent/#238cfb0f2865

[4]https://www.zerohedge.com/news/2019-06-25/merrill-lynch-caught-criminally-manipulating-precious-metals-market-thousands-times

[5]https://www.suissegold.ch/en/posts/deutsche-bank-and-the-gold-price-fixing-scandal

[6]https://schiffgold.com/key-gold-news/poland-gobbles-up-gold-plans-to-bring-it-home/

[7]https://www.cnbc.com/2020/08/24/powell-set-to-deliver-profoundly-consequential-speech-changing-how-the-fed-views-inflation.html

[8]https://www.hamiltonmobley.com/blog/6hc77l5rzp81iawadkxb09difpcyuf

[9]https://www.hamiltonmobley.com/blog/guztul12vkm6b2rsgt8m4p49sxgfol