Zerohedge: If Gold Was Just a Barbarous Relic…
The global monetary regime has collapsed three times over the past 100 years, in 1914, 1939, and 1971. They seem to happen about every 30 to 40 years on average. It’s now been over 40 years since the last collapse, so we’re due.
With Russia and China continuing to build up their gold reserves, it’s clear that the future of the world monetary system lies in a reversion to gold. That’s bad news for the dollar, and bad news for those who invest in US stocks. Once the dollar is dethroned as the world currency, American debt won’t be nearly as popular to investors worldwide. That will lead to a major shakeout in US markets. Only those who have protected themselves in advance by investing in gold will stand a chance of making it through unscathed.