On that day, according to Professor Antal E. Fekete,
a spontaneous gold corner could develop;
but the corner would not be driven by speculators
cornering a commodity to drive up its price.
The corner will be caused by the refusal of those who own
gold to exchange their increasingly precious metal for
increasingly worthless paper currencies.
Since 1913 when the Federal Reserve first issued its debt based
paper money in the US, the paper US dollar has lost 95 % of
its value, a loss of 95 % over 95 years.
Perhaps in five more years, 100 years after the creation of
the Federal Reserve, the US dollar will have lost 100 % of
its value - which means in five years -
the US paper dollar will be worth nothing.
Throughout history, no fiat money system has stood the test
of time.
All attempts to substitute paper money for gold and silver
have ended in the total destruction and debasement of
the currency.
This time will be no different.
It is hubris to think otherwise but unfortunately the vast
majority have been brain washed by elite media to do -
which is a clear sign they're not thinking at all -
http://www.bibliotecapleyades.net/sociopolitica/sociopol_bigcrash26.htm
its a long hike UP to closer to fair value -
gold has not started the bull run yet -
God Bless
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