gold price may avalanche, page-47

reserve currencies are a quirky collection.

Britain lost the status after being smashed by Germans and Italians twice in WW1 and 2

Spain

Discovered the latin American's and got knocked of by Britain above

and that is the pattern, if you beat them on the battlefield, you raid their treasuries, take everything you want and obliterate their reserve currency status. To do so is simply part and parcel of war and a central part of domination.

Remember the Americans at the end of WW2 were the strongest ones in history not like the comparative dumbies of today. this was a time where the like of Eisenhower was the pres.

So the Americans played their hand, they took nearly everything, all of Japans,Germany (the entire Axis)and that they had already taken for safekeeping form the Allies.

I repeat one more time, America took virtually the entire worlds supply of gold as the spoils of war and claimed custodialship. Now it has 11 carrier battle groups to everyone nil and is outspending the rest of the world combined by 2/1 and it's so far ahead in the technology stakes it doesnt matter.

Now you have China on the way to collapse, Europe probably in the economic morgue, Japan about to die of old age.

Global reserve currencies are a direct reflection of military might. The idea you can be hyper-inflate the reserve currency at the top of its military power is ludicrous. The US Empire in my opinion has another 100 years minimum , empires dont run for 50 years they take 100s of years to fall apart.

China is gone it will a blip in history by 2050. India will be 2-3 China's size by then and China will have been split up.

Gold matters because there is no where else to store real wealth in times of high risk. Gold miners have been won and lost by men with crazy eyes over millennial . Gold shares are not money , they are leveraged "futures contracts", investors who buy gold shares are buying a "futures contract" in gold in the ground, that one day may or may not be mined.

These "futures contracts" have relationship to the oz that are reported in the ground vs quality vs mining difficulty vs cost vs sovereign and regulatory risk etc.

Why would the Americans let their currency hyper inflate?

My expectation is that the Chinese will hyperinflate, China has a perfect profile for hyper inflationary sovereign. They did it 1949-50 , they are isolated, the debt is in massive massive growth. Some reports have Chinese credit growing at 33-50% of their total GDP per year . These rates of growth like the early days of Communist Russia in the early 1920s.

IMO the question should asked whether the US have been actually trying to blow up the Chinese economy all along.