Golden Hope Mines Ltd (GNH)

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What to expect for gold,

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