Could we be mid-way through a super-cycle in gold? Could we?
Judging by the news we are seeing a slow decline in the PetroDollar, which is a fiat currency built on trust and the number of nuclear weapons. This military power is denominated in Dollars, which used to be tracked in gold. Regardless of what the Crypto fanboys call out, there is only one money, and that is Gold, everything else is currency.
Are we about to see a massive surge in Gold as currency all over the world derates to make up for all the surge in prices and workers wanting take home more money?
NOTE: This is a 12months line chart, it could take 5-10 years before the surge represents itself....
Judging by the news we are seeing a slow decline in the PetroDollar, which is a fiat currency built on trust and the number of nuclear weapons. This military power is denominated in Dollars, which used to be tracked in gold. Regardless of what the Crypto fanboys call out, there is only one money, and that is Gold, everything else is currency.
Are we about to see a massive surge in Gold as currency all over the world derates to make up for all the surge in prices and workers wanting take home more money?
NOTE: This is a 12months line chart, it could take 5-10 years before the surge represents itself....