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We’re not living in ordinary times.
Indeed, we’re living in rather extra-ordinary times.
Why do I say this? Well, we’re in fact in the midst of a Currency Crisis which basically means that currencies can not be relied on. They are not a reliable means of ascribing value.
Let’s consider the price of Gold to explain what I mean.
Gold, like most other products is usually priced in currency terms.
Let’s focus on the Dollar to Gold pairing.
At the time of producing this bit of writing, the price of Gold per ounce was $1854.
You might want to look at a Dollar Gold chart.
Goldprice.org has a chart which goes back to about 1973. If you look at this chart, you will see that the price of Gold in Dollar terms has risen over the years. In the last 20 years it’s risen over 400%.
The line has been rising from left to right. I would however like to suggest that you look at the chart a different way.
Flip the chart over on its horizontal axis – so along the “X axis” with the dates.
The line is then declining. You can ignore the Dollar values on the vertical “Y axis”. They’re not relevant.
What’s the point of doing this?
If you’ve flipped the chart, then this will show not the price of Gold in Dollar terms, but the value of the Dollar as it relates to Gold.
Looking at it in this way will show you how much the Dollar has declined in value as compared to Gold since after the Nixon Shock in 1971. In fact, as Alisdair McLeod said in an interview on the YouTube Channel “Liberty and Finance”, “the Dollar has lost something like 98% of it’s value measured in Gold since 1971”.
Gold v any other Currency
This same approach can be applied to any currencies.
Indeed, to my way of thinking, a good way of assessing the state of any currency is to compare that currency to Gold.
Gold is, as far as I’m concerned, by far the best measure that can be used for valuing a currency.
So, you can also look at a Gold chart with respect to any currency to see the price action that has occurred over time – for example, the Japanese Yen, the Euro, or the British Pound Sterling.
Then all you need to do is simply flip it over on its horizontal, “X axis” and see the general decline.
We must bear in mind that standard, four 9’s refined Gold in the US is no different to standard, four 9’s refined Gold for sale in the EU, the UK, Japan, Brazil, or Turkey, or anywhere in the world. So it’s something of a consistent gauge.
I would encourage you to do your own research on this and all other matters that I discuss also.
In general, comparing Gold with currencies should provide you with all the evidence you need to have an understanding that something is seriously amiss with all the currencies in the world. If the price of Gold measured in that currency is high, then you know that the real value of the currency is low.
When comparing currencies to either gold or silver, currencies will be found wanting.
Anyway, this is the principal reason that our Overlords manipulate the price of precious metals. They know that if they suppress the price of Gold or Silver in Dollar terms then the value of the Dollar will be seen as better than it truly is. So, if they didn’t do their price suppression, then the price of Gold in currency terms would be far, far higher than it is now and people would realise that something was wrong. It’s really that simple. It’s all about perceptions. Perception management is the name of the game because perceptions are very important to our Overlords in order for them to keep in control and maintain power.
They are, without a doubt, a bunch of crafty cunts.
“canaries in a coalmine”
Precious metals are then the proverbial “canaries in a coalmine”. They alert people to what is actually occurring with regard to the status of a currency.
How so? Well, because precious metals hold their value over time. Their value remains relatively stable. They are a good store of value. The same can not be said of currencies – especially unbacked, Fiat currencies.
Earlier I said we were in the midst of a Currency Crisis. Most people are unaware of this because the decline of currencies has been gradual. But we’ve entered the final phase and at some point things will start to get decidedly “wonky and wacky” and then it will become apparent to all.
I’ve described this elsewhere as a Financial Tsunami
When this Financial Tsunami hits land, Gold and Silver will shine.
I should also say that the inflation that were witnessing is part of this Currency Crisis. At some point in the not-too-distant future we will move from Inflation to HyperInflation. But I’ll talk about this in videos after I’ve discussed Price action in Gold.
For anyone who’s interested, I have a channel on Bitchute called “the Alt Economist”.
Thanks again Greg, I appreciate you.