Precious Metals Update: Gold Drops Exceedingly; Fed Ducks Reality | investing.com – Investing.com
- Date: 21-Jun-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Middle East
Precious Metals Update: Gold Drops Exceedingly; Fed Ducks Reality | investing.com – Investing.com
Quite the week, that. Best we begin with some "Facts, Hercule, facts!"
: Having settled last week exceedingly down 6.2% at 1764, Gold is now priced by the market at but 46% of its currency debasement value (as measured by the StateSide "M2" money supply) of 3870, even as adjusted for the increase in the supply of Gold (which today is 201,480 tonnes). Neither is Gold a discarded relic, nor shall it ever be supplanted by cryptocrap. Gold remains humankind's sole de facto true currency as so shall it be even after we're not around anymore.
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