COminer, I'll make another valid point about why IF gold continues to move higher, like Dan himself has advocated, that the chances of every gold mine on the planet has increased odds of being nationalized. This isn't rocket science, just simple logic.
We're currently at $2100+ gold right now, what happens with gold at $5000 say by 2030? Well, my best guess would be the world is having a LOT of problems.Those would include geopolitical events like more war, continued excessive debt being taken on by governments and individuals. Also a grossly overleveraged banking system (derivatives). All being conditions ripe for higher PM prices. We also know that in time the inflation monster will return in a very big way with the return of massive fiat money creation.
The crook-politicians running the various governments may be thieves, but they're not stupid, so they'll finally see the need to own gold at these higher prices, maybe not so much now, but when fiat is still a manageable option. So, IMO the socialists up in Canada will be forced to nationalize the miners at some point. Most likely every country that has gold being mined will be forced to do the same, just to stay solvent.
Whether The Powers That Be reprice gold higher or the market eventually takes it to nose bleed levels because faith in fiat money is lost the outcome will be the same. WE NEED GOLD TO BE RELEVENT AND STAY SOLVENT..Why else would all the central banks be hoarding gold now? Canada doesn't even hold any gold currently, but there's plenty there if they need to nationalize it.
Dan may not be smart enough to figure this out, but it certainly makes sense to anyone that sees gold moving exponentially higher from current valuations. As fiat continues to lose it's buying power what else do they have to go to? I don't think it will be Bitcoin. They're hoarding gold.
