Hi Kansas, I don’t think the currency/dollar would ever completely collapse. My reasoning, obviously it would be catastrophic for the entire globe. Sovereign nations in principle would never let it happen (unless they were purposely prevented from doing so!). They would eventually intervene in some capacity. Whether that would take the form of stimulus, as seen in recent times or a complete rebalance such as debt forgiveness, or even a reversion to State control, which by the way is the still lawful way of controlling and protecting a Nation States’ currency. As opposed to the floating global market control of a Nations’ currency as we experience today, hence the continual volatility and specter of instability creating a perpetual state imminent and real crisis.
But returning to gold, yes as always gold and silver are the safe havens, as they should be according to law they are the only lawful money anyway. We left Kansas many years ago, the global institutions through government manipulation have to a degree been successful in confusing this issue by the decoupling of gold and silver from the fiat money system used by Nation States’. Most people still see gold and silver as value even if they do not understand how it is still tied to a Sovereign Nations’ monetary system and their ultimate prosperity.
In conclusion MEI and shareholders are in a great position to benefit from these troubling times, as you say Kansas, gold being the flavour of not only this month but the months and years to come. Anyway that is my rant for the day. Go MEI you good thing!
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9 | 335000 | 0.100 |
3 | 400000 | 0.099 |
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Price($) | Vol. | No. |
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