gold, page-49007

"1. If there was too much currency in circulation there'd be hyperinflation. The Federal Reserve has 20,000 employees, and they're far smarter than a bunch of goldbugs and conspiracy theorists."
I never said there was too much (yet anyway), just that the currency supply needs to be taken into account for valuing GP. They have a positive relationship since moving away from the gold standard.



"2. You can let your imagination run wild, but the USA has never defaulted on its debt, and if you think that gold is suddenly going to sprong up to $5,413, you're going to be bitterly disappointed."
Again I never said US will default on it's debt just that the Dollar to Gold ratio since 1913 is way out of wack according to the US debt clock. If there was a change in monetary system I'm sure this will be a factor. And if they're not going to default then this ratio will only get worse as they print.



"3. There's no chance the USA will lose reserve status, which is related to military might and democracy. There's no near competitors."
They are already sharing it with the Yuan and countries around the world are avoiding the USD during trade. It's already losing the reserve status but I agree there is no competitors when it comes to military might and world representation with it's nearly 800 bases across 70 countries. But having such a mighty military costs a lot of money that needs to be printed. It's a non-productive spend that slows economic growth and GDP while causing significant inflation - not much has changed since Roman times really.
https://peacesciencedigest.org/effects-military-spending-economic-growth/

"4. The markets aren't manipulated down, it's conspiracy theory perpetuated by gold salesmen."
Ummm, not sure how you can argue against a guilty plea by JP Morgan trader
https://www.cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-manipulating-metals-markets.html
Lets see what happens out of the potential class action lawsuit which is very likely to go ahead
https://www.cnbc.com/2018/12/13/jp-morgan-faces-lawsuits-after-guilty-pleas-by-a-former-metals-trader.html

5. Exponential growth? Since when? You've been reading too much bollocks from Jim Rickards.
No, Jim Rickards isn't my source. There are many resources and reputable environmentalists worth following.

World Population has increased exponentially in the recent past, many are predicting we will reach peak population by 2100 as growth rates are dropping thankfully, lets hope it continues. But even with population decreasing brings a new set of economical challenges. The best scenario is a steady linear growth rate where all humans have the opportunity to thrive.


World energy consumption on an exponential curve. the worlds fossil fuels won't be able to keep up forever, we need to find economical renewable resources.


Global food demand exponentially increasing = unsustainable on this planet.


The Oceans are suffering with this demand

Seafood species are collapsing


"The last 50 years are important because gold is no longer related to currencies and there will never be another gold standard, which was one of the main causes of the Great Depression. How do you value gold? it's not possible because there's no P/E, it's only worth what someone's willing to pay for it."
As per above, gold has positive relation to money supply and yes the last 50 years will go down in history, for the wrong reasons, or maybe the right reasons if humanity gets it right the next time.

GO BACK TO A GOLD STANDARD, just like it's written in the US constitution as the founding fathers learnt from history only for corrupted politicians to go back to a Fiat system. We must learn from our mistakes.

These are the facts. Feel free to twist my words, or should I say put words in my mouth.