/biz/ - Business & Finance

>>12072142
gold was never supposed to go up in value. that meant your currency was inflating to shit. gold is savings.

all currencies were pegged against gold.

that chart also doesn't take into effect taxation loss. overlay global energy use per capita and global population growth on that and you'll find a nice correlation. unfortunately, per capita energy use has actually flatlined since the 2000s and western populations are now declining due to insufficient birth rates.

the folly of humans is extrapolating linearly into the future. japan is the future because demographics is destiny. only 4 components to economy: humans, natural resources, energy and technology. the first 3 are already in slow decline. african population doesn't matter because they have 1/20th the spending power as a western nation.

this picture is what gold is supposed to be a hedge for.

better tell the entire world's central banks that gold is useless. protip: even the USFED lists gold as collateral on their balance sheets.

the time is fast coming that the rest of the world no longer accepts US hegemony in global finance. after the closing of the gold window, the US printed to infinity. deficit spending forever. once a financial reset takes place, there will be no other financial vehicle completely independent of nation states other than gold. bitcoin doesn't count because the old money doesn't own enough of it. if a crypto becomes a new reserve asset, it will be an invention of the powers already extant. the ultra rich however do own what this board hates: gold.