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The Hierarchy Of Money And The Case For $8,000 Gold
https://www.zerohedge.com/commodities/hierarchy-money-and-case-8000-gold

In the hierarchy of money gold is superior to fiat money. From an historical perspective the past decades have been characterized by trust in fiat money, whereby fiat made up the lion share of global international reserves. The war between Russia and Ukraine (and by extension West and East), inflation, and systemic risks are reversing this trend. A long-term gold valuation model, which assumes gold will account for the majority of international reserves, suggests the gold price to exceed $8,000 in the coming decade.

When CBDC are implemented gold ownership will likely be outlawed.

In the meantime high interest rates should favor lower gold prices, unless everything decides they need to buy some, in which case the sky is the limit.

BTW, technically, you can pay for things in silver and gold today. It might be interesting to start asking various small businesses to do some trading w/ silver dollars. See if your local restaurant (not chain) would take 2 silver dollars plus some cash for your next meal. See if you can pay with silver dollars at the Farmer's market. You might be surprised!

Zak says

See if your local restaurant (not chain) would take 2 silver dollars plus some cash for your next meal.

Yeah, that's about right for a meal for two. 2 x 0.715 x $23 = $33

There's (about) 0.715 ounces in silver for every silver dollar have. That's true of dimes, quarters, 1/2 dollars, and Morgan dollars. You can tell how much silver you have in old circulation money by just weighing in. 10 dimes weights as much as 4 quarters, etc.

https://www.coffeeandcovid.com/p/stormy-weather-saturday-may-18-2024

During 2024’s first quarter, China dumped a record number of US treasuries and bonds valued higher than the Great Wall, totaling a staggering $53.3 billion. In historical terms, this is the largest treasury sell-off ever recorded. Coincidentally, the US dollar declined to its current one-month low during the same period. Bad luck.

As China sells its US treasuries, it uses the money to buy up gold like it’s going out of style. China and the BRICS alliance were the largest buyers of gold in 2022, 2023, and even 2024. Last year alone, China added several tons of gold worth $550 billion to its reserves.

It might be connected to the war in Ukraine. “This suggests that gold purchases by some central banks may have been driven by concerns about sanctions risk,” an IMF official quoted for the story explained. In other words, BRICS is way ahead of Sleepy Joe.

Never mind, the country is in the best of hands. It’s a good thing Biden and Blinken are running the country. Forget about diplomacy, that’s for dog-faced pony soldiers. No peace until every inch of Ukraine is back in the CIA’s hands!

I don't follow the price of Gold per troy ounce very much, but the last I checked it was trading north of $2,500. It's truly amazing how illiterate most Americans are when it comes to a hard asset as opposed to fiat currencies. Not too long ago, a guy I know said to me 'why is gold valuable, I mean, you can't go to the grocery store and buy anything with it.' True. Just like you can't take your stock certificates (if you actually possess them) and do the same. The thought that you can convert a hard asset into a currency which can then be used to make a purchase apparently never occurred to him.

Mark Dice Trying To Trade 1 oz Gold Coin (worth $1800 at the time of video) for Worthless Random Stuff

https://www.youtube.com/watch?v=D_x8VswuLwU&t=4s

The price of gold is useful for gauging the progress in the debasing of the US dollar's value. After all, it's just a lump of metal that doesn't earn money like stocks or bonds. Then again, why has gold outperformed the major stock and bond indexes for the last 25 years?

stereotomy says

Then again, why has gold outperformed the major stock and bond indexes for the last 25 years?

It did?

Asset Average Annual Return (1999-2024)
Gold 7.5%
NASDAQ 10.5%
S&P 500 8.5%
DJIA 7.8%
Bloomberg U.S. Aggregate 4.5%
Bloomberg U.S. Corporate 5.2%
Bloomberg High Yield 6.5%

Asset Absolute Return (1999-2024)
Gold 515%
NASDAQ 1,050%
S&P 500 625%
DJIA 540%
Bloomberg U.S. Aggregate 185%
Bloomberg U.S. Corporate 230%
Bloomberg High Yield 325%

Asset Absolute Return with Dividends Reinvested (1999-2024)
Gold 515%
NASDAQ 1,350%
S&P 500 850%
DJIA 700%
Bloomberg U.S. Aggregate 185%
Bloomberg U.S. Corporate 230%
Bloomberg High Yield 325%