Sooner or later, the American dollar will no longer be a dependable means of exchange (it is already no longer a store of value), creating chaos in the marketplace. In the final stages, the government will probably make one or two abortive attempts to issue a new currency by ‘’fiat’’ (official order), and this ‘’fiat’’ currency will be rejected because of lack of trust. All currencies depend on confidence. After all else fails, the government will finally be driven by desperation to re-establish a gold-backed currency, but because it has already sold much of its gold hoard, gold will have to be revalued upward to a price adequate to back the new money, perhaps thousands of dollars per ounce (the international free market will have already done that). This will be the only way to establish a means of exchange and a store of value that people can trust.
Taken from: 'How to Prosper During the Coming Bad Years in the 21st
Century’’ by Howard J. Ruff
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM