February 10, 2024 11:09 AM
Question ? Why are Gold mining stocks so low in price ?
That is of course a practical and important question that very few can answer with facts versus hopes.
For the last 50 plus years the US dollar has been the Reserve Currency of the world after the Breton Woods agreement at the end of World War Two was put into place.
On August 15, 1971 President Richard Milhous Nixon and Henry Kissinger with others decided to not redeem US dollars for Gold.
That started the debasement of all FIAT currencies. During the year 2000 President Clinton and Larry Summers Treasury Secretary led the way in canceling the Glass Stegall act of 1933.
That let the stock markets become gambling casinos. By keeping interest rates low through monetary manipulation we ended up during 2008 and 2009 with the Great Financial Crisis (GFC) where money market funds (CASH) went below the value of $1.00 US dollar.
Lehman Brothers was intentionally put out of business in order to remove a major player. We ended up having this move lead to unintended consequences.
The first vote on TARP led by Treasury Secretary Paulson failed. This led to the immediate COLLAPSE of the US stock markets.
After the stock markets collapsed it was voted on again within weeks and it passed. Years later the world found out that the Federal Reserve printed out TRILLIONS of US dollars to give to other Central Banks.
Now fast forward to Quantative Easing and now Quantative Tightning.
That along with Covid and Geopolitical major events such as Ukraine and GAZA and Israel and Iran and the United Nations and the US Presidential elections of this November 2024 and we have all the ingredients for Gold to realize it's real value and many FIAT currencies especially the US dollar will lead to it no longer being the Reserve Currency of the World.
I hope that this detailed summary of events over the last 50 years answered your question.
As the world stock markets collapse led by the Dow Jones 30 investment will flow into Gold and good Gold stocks. GOLD IS A TIER ONE ASSET NOW BEING ACCUMULATED BY ALL CENTRAL BANKS.
Best regards
Bruce
Question ? Why are Gold mining stocks so low in price ?
That is of course a practical and important question that very few can answer with facts versus hopes.
For the last 50 plus years the US dollar has been the Reserve Currency of the world after the Breton Woods agreement at the end of World War Two was put into place.
On August 15, 1971 President Richard Milhous Nixon and Henry Kissinger with others decided to not redeem US dollars for Gold.
That started the debasement of all FIAT currencies. During the year 2000 President Clinton and Larry Summers Treasury Secretary led the way in canceling the Glass Stegall act of 1933.
That let the stock markets become gambling casinos. By keeping interest rates low through monetary manipulation we ended up during 2008 and 2009 with the Great Financial Crisis (GFC) where money market funds (CASH) went below the value of $1.00 US dollar.
Lehman Brothers was intentionally put out of business in order to remove a major player. We ended up having this move lead to unintended consequences.
The first vote on TARP led by Treasury Secretary Paulson failed. This led to the immediate COLLAPSE of the US stock markets.
After the stock markets collapsed it was voted on again within weeks and it passed. Years later the world found out that the Federal Reserve printed out TRILLIONS of US dollars to give to other Central Banks.
Now fast forward to Quantative Easing and now Quantative Tightning.
That along with Covid and Geopolitical major events such as Ukraine and GAZA and Israel and Iran and the United Nations and the US Presidential elections of this November 2024 and we have all the ingredients for Gold to realize it's real value and many FIAT currencies especially the US dollar will lead to it no longer being the Reserve Currency of the World.
I hope that this detailed summary of events over the last 50 years answered your question.
As the world stock markets collapse led by the Dow Jones 30 investment will flow into Gold and good Gold stocks. GOLD IS A TIER ONE ASSET NOW BEING ACCUMULATED BY ALL CENTRAL BANKS.
Best regards
Bruce