Gold
That all important metal that men and nations go to war over.
With almost no real use except to place upon women to turn them green with envy... or something.
However, it currently our top monetary metal.
The old people remember gold.
The banks are all hoarding it. (but just a few years ago they were telling everyone it is a barbarous relic)
So, lots of other people think gold is important.
Well, you can make good, hypo-allergenic pans out of it.
Kidding aside, how important is gold going forward?
Well, somewhere between life saving and "its a pretty yellow rock"
We are in the 4th Turning. Meaning winter. Meaning you should be in hard assets to preserve your wealth.
And gold used to be that asset.
Today its price is highly manipulated. (See GATA)
And its future price depends on what happens to that manipulation.
- T.H.E.Y. stop the manipulation
- The manipulation fails
- The manipulation is bipassed
The Gold Standard
Everyone is talking about returning to a gold standard.
Of course the gold standard will not work, it will just be back to the old tricks of leasing gold, etc. And there is far more gold in vaults than anyone admits to. And The US is sitting on tons of gold in the ground ready to be scooped up. These piles of gold far outweigh anything the little people own, and thus, the complete control of price discovery will be in their hands.
Further all the gold is held by the central banksters, and the old families that control them.
So, going back to a gold standard is just going right back into the hands of the banksters.
But it has important meaning for the price of gold
Basically, the gold price is going to go up, and then crash to zero.
How fast and how long is based on how things unfold.
T.H.E.Y. intend to let gold go up steadily as they transition everyone to their new digital currency.
In this paradigm, there is huge surge into gold, and things continue along
But, when people start seeing the bank closures and people not getting their money, a great deal of them will run to gold bidding up the real price. And the price will go high and fast.
If people also fail to accept the new digital currency, the price of gold will go up faster, and/or the price of bitcoin will go through the roof.
Anyway, the price of gold will really only start moving when this transition actually starts occulting in the public's eye.
And it will go quite high...
but, then it will go down.
As govern-cements around the world collapse. The meaning of gold as the trade between nations also falls apart.
All the real international business will have moved to bitcoin and the like. (we aren't shipping gold through pirate infested waters)
And then their comes a time when all the central banks get cleaned out, and there is all this gold on the market. Enough for every woman to have gold necklaces galore.
As the old generation who are the last people who really value gold give up on it...
Then gold goes away as a monetary metal.
Not sure Gold will go away as a monetary value. I think it will be used for a lot of various high tech components and shielding for various space craft. There is a value for it as a commodity.
Now is the price way too high? Yes, because there is a lot more gold hidden away than what as "artificially scarce". Also there is a ton of gold in off planet mining operations that could be started on asteroids and such, and further there is a ton of natural resources in Antarctica that have not yet been accounted for or mined.
Gold, as a monetary metal will go away.
Not sure how fast because timing relies on a few inventions.
One invention will be to vibrate gold out of the ground.
Basically, gold becomes almost as plentiful as sand in a desert.
Just go get yer shovel.
The other invention is based on creating true money.
Imagine the difference between bitcoin and the dollar.
Now, there is a step, just as wide, from bitcoin to what i can best describe as true-money (unfortunately, there is a step beyond that...)
Now, while gold is still a monetary metal, its price is WAY!!!! to low.
So, at some point the manipulation ends, and gold skyrockets.
Be sure to trade it for real stuff when it does skyrocket.
If the supply is artificially low and they have more ways of extracting it, why would the price go up not down?
Its timing.
The price goes up because "gold standard" and the manipulation gets removed.
The price goes down because "hey look, free gold" and only the bad guys have tons of gold, lets not deal with them any more.
In Ancient Egypt, the concept of MONEY did not exist - And gold was plentiful!
And so gold would be shaped beautifully and put everywhere! Shaped into all of the gods and goddesses, to be made into instruments, and woven into clothing. Gold to be boldly displayed right in public! Items of pure gold would be everywhere, and of course, purely HAND-MINED over 5000 years ago!
And most metal is so hard to work with! But gold is soft, and easy to make complex tools with - Even ancient medical tools. But only if cheap and plentiful.
And there must be an absence of LUST for gold and money.
The workers of Ancient Egypt were paid in bread and beer and fine spiced meats, and the workers would go on strike if the food was not good enough. Money was worthless.
And gold was beautiful and all could see.
But now the gold is hidden. Even with machines able to mine it, the gold cannot be displayed! Its beauty is taken from the Earth and then squandered away deep in vaults and evil lairs, to be touched only by the most rich and corrupt, rather than artisans and poets and those who commune with the oldest of gods and goddesses.
Those days are over; we now live in a world without beauty.
And yet the geologist within me whispers an intriguing hypothesis: "What if gold is considerably more common than we had thought, and there is so much of it in certain locations, that it's almost a joke to consider it "valuable" above other metals?"
We dig gold out of the ground, to then, melt it into bars, and then hide it in dark vaults underground.
Mayan didn't consider it very valuable.
They used it for pots and religious tools.
It is very difficult to talk about Egyptians, because there are three groups that lived in that area, and we call them all Egyptians though there isn't much connection between them.
The middle one and the older one had tools and know how that we do not have today.
And, you are correct, we have a LOT of gold. Much more than is let known to the public.