@Jvdh1570
Sorry for my slow response.
Also, I have to keep subjects topic and thread related.
"Joe Biden the ultimate printing guy"
I don't think that printing is purely based on the individual president.
The economics are what will dictate the printing.
After WW1, the US had a huge debt.
Had it not taken on that debt, they may have been speaking a different language.
The way out then, was to print and inflate their way out. They did and now want to do it again.
This is made more possible today due to the abandonment of the Bretton Woods agreement.
Now we can print ourselves into oblivion.
There is a saying, "Never bet against the FED".
They have already made it public that they have no limits to getting what they want and what they want is to inflate their way out of this economic disaster.
We can keep printing until? Until we can't. That means until we see the consequence of that irresponsible behaviour.
In previous times, when one got into too much debt while interest rates were rising, they ended up in bankruptcy.
In 2008 during the financial crisis, banks should have done this but the governments bailed them out and prevented this usual consequence.
A fiat currency lasts 27 years on average. The US dollar has been the reserve currency for 76 years and Nixon ended the attachment to the Bretton Woods system in 1971 so that makes the reserve currency a fiat that has lasted 49 years.
That is well past it's "use by date".
Eventually there will be a reset.
They will have to peg to gold again imo.
Possibly with a digital currency as well as a physical.
These are some of the reasons that the gold price is bound to rocket and companies like deg with the potential res size and metrics will be a major beneficiary.
It all comes down to patience.
Happy holding.
Kind regards, Wack
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