DNRR - Gold will only increase in value as the Federal Reserve continues to monetize America’s debt.
Even though Nixon officially took us off the Gold Standard, which caused instant 100% inflation at that time, gold is still the standard that the dollar is measured against is still gold, but now it is measured by the Market and the Market says, “Gold has at least the same buying power yesterday as it does today.”
Example: A person could buy a high quality suit of clothes in 1860 for one Troy ounce of gold. A person can still buy a suit of equal quality today for the value 1 Troy oz. of gold. The lesson here is that gold's buying power has not been devalued over the years, even though the dollar is quickly beginning to share the value of toilet paper.
There are two things to remember with gold. 1) Even though gold's buying power has remained pretty constant in America since our inception, gold has experienced major valuations and devaluations relative the dollar. 2) The Government used to control the price of gold under the US Gold Standard. Once we came off od the Gold Standard, the Market now controls the the price of gold relative to the dollar. And the Market is having a real love affair with the price of the yellow stuff.
Two things are certain. 1) The more our debt is monetized, the more bucks it will take to buy gold. 2) The Federal Reserve will continue to monetize the debt. This means that low priced gold stocks, like DNRR, are an excellent buy.
Right now, $2,000 per troy oz. in the near future is not out of the question. This will drive the price of gold stocks straight North!
So grab you picks and pans because the DNRR gold strike a comin’..........
Res
