For all you Gold bugs out there, I have good news and bad news.
Most people say “Give me the bad news, first.” (Have you ever wondered why people want to hear bad news first?)
The bad news is: the chances of returning to a “real” Gold standard are slim to none. (And slim already left town).
The good news is: Gold, and gold mining stocks, are a still cheap despite the recent price increase. (But you gold bugs already knew that).
The main reason we won’t likely see a return to a pure gold standard is a result of all the money printing in the last decade – and especially in 2020, The Year of Chaos
You see, based on the number of “dollars” floating around – actually they’re digits on a computer screen – the price of gold would have to be near $60,000 per ounce* to adjust for the actual amount of gold that’s available.
(*Side note. Gold at $60,000 per ounce would cause Silver to be $3,000 per ounce. Do the math and you’ll see which is the better buy)
What you’ll likely see as a new standard for money is a hybrid including gold along with a basket of currencies and/or possibly crypto money.
We wrote about that in detail (HERE).
When this new standard becomes a reality (it’s already baked in the cake) everything reverts back to the Golden Rule:
“He who has the gold makes the rules.”
And you shouldn’t be surprised when CHINA eventually announces to the world that they’re sitting on the largest gold hoard in existence.
That’s when things get very interesting.
So, instead of worrying about a new Gold Standard, “Connect the Dots” and learn how to capitalize on this tectonic shift (HERE).
And share this with a friend. They’ll thank YOU later.