Research leans on the work of many:
Nixon killed the Gold standard in 1971. By 1974 'Money' was what central banks said
it was. The last vestiges of the Gold standard were gone and 'Money' [currency] had no
anchor. In 'economists' minds it didn't need one.
As a result a de facto 'dollar standard' emerged. By 2010 the dollar standard had dissolved
into currency wars that have been raging ever since. [ Check out AUD] Substitution of fiat
paper for Gold was 'always overreaction' on academics posing as central banks-compliant
trading partners and- Trusting populations'. Those three [3] pillars are now fractured.
In 1970/71 a median home in Sydney was around $24,000 dollars and Gold was $35/oz.
If you had sold a home then, you would have been able to buy 685 /oz of Gold with the
proceeds. By January 1980 the home that you sold almost tripled in price to $62,000,
but over the same period your 674 ounces of Gold -rose-25- times, from $24,000 to
$600.000. You could then have sold your Gold and purchased nine [9] comparable homes
and had enough left over for good yacht.
We have gone from a time when as late as the 1960s [before the dollar devaluation in 1971] you
generally saved up and bought a car for cash. And -believe it or not - people actually saved up
to buy a house.
After 1971 we had at first a two year [24 month payments] for cars. ] My first car a ford falcon
cost $2,500 dollars] Then it went to three-five-then seven years. A car has gone from being a
minor asset to a big liability. A car today can easily cost 'twice' what the average house did- pre
1971.
*****
Today, on planet earth, central banks [especially BRICS] are converting their fiat currencies
into Gold and Silver bars at a record pace as they don't want to hold the 'PAPER' of the U.S.
Government. They are buying Bullion out of prudence and 'fear' unlike the -average Joe- they
are 'more than aware' that the U.S. dollar -as have all -major currencies- lost 90% of their value
since 1971.
*****
Gold and Silver investors realize that 'preserving' wealth is the secret to 'having' wealth. This
is a predictable outcome. DE dollarization is a practiced BRICS plan -A- to slowly but steadily
trade outside the U.S. dollar and net settle in Gold. This will eventually rattle stock markets
and Mint Fortunes for those who have done their homework.
Gold miners are still extremely undervalued and its likely we will never see this set up again.
And as the world's fiat currencies sink back into their 'historical' graveyards -they all do- not
one has survived. Gold and Silver will once again become the 'real' money of choice as people
finally -wake up- to the relentless depreciation of the fiat dollars govts and central banks issue.
*****
There are many 'paths' to the top of the mountain and when we get there we all see the same
Moon.
Go Well,
Hm
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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $142.4M |
Open | High | Low | Value | Volume |
24.5¢ | 25.3¢ | 23.5¢ | $1.071M | 4.403M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 119399 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 144863 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20833 | 0.240 |
7 | 353605 | 0.235 |
2 | 25869 | 0.230 |
5 | 281000 | 0.225 |
6 | 933004 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 144863 | 2 |
0.250 | 300000 | 2 |
0.255 | 100000 | 1 |
0.260 | 54081 | 2 |
0.265 | 33586 | 2 |
Last trade - 16.10pm 10/09/2025 (20 minute delay) ? |
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