Absolutely! Gold has held a place being mystical but loved and a true world currency, accepted everywhere! The magic comes from the fact that it doesn't move in lockstep with the whims of currency fluctuations. I foresee the US dollar losing its lofty stature as the "go-to currency" in favour of the Chinese currency. China has quietly been purchasing gold with the intention of backing their currency, especially at these prices. Chinese currency is already in 2nd place to the US greenback and when investors fear US dollar devaluation is when gold shines. Gold has its place as a way to circumvent embargos on countries that need oil, food, medicine and what-ever they are in need of but can't show up on the dollar trade radar so they square up with high value small package gold transfers in order to secure what they need under the radar. I have entertained the idea that an energy dollar would be more practical than gold because cheap energy is what truly drives the success of economies. China saw that and are intent on securing their currency with both gold and oil. It is a win, win strategy imo that is playing itself out, quietly, almost secretly to be the world currency. The US greenback has been so over-printed that their citizens think everything is all-right but the Euro countries are starting to ask questions about the strength and Trump knows that a devaluation would bolster world trade and get the US humming, really! China is also slowly picking off major assets worldwide, so much so that we could say they are winning a war without firing a shot. glta and dyodd
