Gedankonomist

Gold Should Be at the Heart of a New Global Reserve Currency

"...precious metals should be at the heart of a new global currency, partly to give it credibility..."

There won't be any such backing. Perhaps in the beginning, but eventually "they" will do away with it, once the camel has his nose in the tent. Think about it: the whole purpose of this globo-currency is to milk money off of "world citizens" in the form of inflation. You can't do that with a precious-metal backing.

Therefore you should fight any scheme for a global currency. The people who propose such schemes are devils.

Is the Recent Gold Rush Over?

If you want to see the "big picture", look at this chart:

tinyurl.com/d2sdzb

From it, it appears we are no way thru the latest DJIA/gold down-cycle. In fact it looks like you should hold on to gold until about 2020.

Gold Economics Questionable; Facts Forecast Lower Prices

Grasshopper: Oh, why are you hoarding all that stupid yellow stuff?

Gold bugs: because we don't want to be left out in the cold when the Kondratieff winter comes.

Grasshopper: Kond...what? You guys are a bunch of conspiracy nuts! Nothing's gonna happen! Look, the sun's out and helicopter Ben's dropping money from the sky! I got my fiddle, c'mon lets celebrate together! There's nothing to worry about!