Does Gold Need A Fiat Mask

For a lot of people in the United States, being forced to wear a mask is abhorrent. They view it as heavy-handed government action… a theft of their freedom. 

Their frustration is understandable, but is the Corona mask the one that matters most? 

For some insight into the matter, please see below.

(Click on image to enlarge)

weekly gold versus US fiat chart

I’ve highlighted the most outstanding buy and sell zones for investors.

Sadly, it appears that the fiat dollar is America’s most popular mask. Instead of calmly measuring the net liquidation value of their stock market holdings in real money ounces and grams, US citizens race to measure it in fiat, often numerous times a day, in what is really an incredibly macabre, “ode to government”.

(Click on image to enlarge)

dollar versus gold chart, aka my “Bozo The Fiat Clown” chart

I highlight fiat price points to shift from gold to fiat, and vice-versa.

The bottom line is that using fiat as a base currency has merit, but gold has more. That’s because over time fiat just oozes lower and lower against gold. 

Throughout history, dozens of empires have tried to replace gold with their government money schemes. 

The empires are gone, and gold is still here!

When there’s moderate Main Street inflation (like now or in the 1970s), fiat money is practical for buying, selling, and getting paid. 

When inflation gets out of control and becomes hyperinflation, the fiat prices of goods become meaningless, and businesses and workers want to be paid with gold, silver, land, food, and other hard assets.

Today’s technology means that an electronic gold or silver currency is easy to create, but until inflation becomes a significant problem, it’s unlikely to happen.

For myself, I like to have a lot of fiat birds in my hand, and in the bank. That reduces my urge to get carried away with the fiat net liquidation value of my assets, and I can focus on putting my booked profits into more real money gold, silver, platinum, and even some palladium.

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Almoni33 4 weeks ago Member's comment

99% of the text is clearly unnecessary