The Next Gold Rush Is Here

NO PRIZE FOR BEING FIRST TO THE BOTTOM

Many observers question how the euro can strengthen with the major problems within the EU combined with the ever-growing ECB balance sheet. What most people don’t understand is that the Euro is not strong in itself. Measuring currencies against each other is a mug’s game. If two currencies are dying, there is no absolute advantage in dying slightly more slowly and being the second to the bottom. It is only a matter of relative timing since currencies can’t all fall against each other at the same rate.

It doesn’t really matter which currency wins the race since there is no prize for being first to the bottom. The fallacy is of course that currencies should not be measured against each other but against real money that over time has maintained its purchasing power.

And the only money that has survived in history in its original form is of course gold. All other currencies have gone to zero. The chart below shows what has happened to all currencies against gold in the last 100 years. This pattern has repeated itself throughout history.

MEASURE WEALTH IN GOLD AND NOT IN DELUSIONAL DOLLARS

So if you measure your money in depreciating dollars or euros, you are deluding yourself. It is like slowly sinking in quicksand. There is no support and no way out.

History must never be ignored but sadly few people study history.

So prepare for massive QE, a rapid dollar fall with the US and the world economy in severe decline in 2021. There will be no recovery for years and maybe for a decade or more.

GET READY FOR THE COMING GOLD RUSH

Your best friend and protector in this ignominious company of bubble assets and falling currencies are precious metals in the form of physical gold and silver.

But please ignore PAPER gold and silver (including ETFs) which one day will be worthless.

On the opposite side of the collapsing dollar stands gold which is about to start an accelerated rise.

Gold (and silver) has now completed the correction since August and is about to resume its 20 year uptrend.

The strength of the next move will take the gold market by surprise. And remember that gold is for long term wealth preservation and not for speculation.

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