See other Business/Finance Articles
Title: Whales And Minnows Swimming To Gold
Source:
Zerohedge
URL Source: https://www.zerohedge.com/precious- ... ales-and-minnows-swimming-gold
Published: May 6, 2025
Author: Tyler Durden
Post Date: 2025-05-06 10:35:34 by Esso
Keywords: None
Views: 2049
Our Currency, Our Problem But can we really blame those silly little “experts” with political incapacities for honesty? After all, rising gold is proof positive that a debt-soaked nation is in deep trouble, as its currency is no longer trusted, loved, used or wanted. When the USA abandoned its golden chaperone in 1971 and began spending like a drunken sailor, its Treasury Secretary, John Connally, didn’t seem to care at all that the US had just welched on the rest of the world—a world which once trusted the gold-backed dollar promised to them in the Bretton Woods moment of 1944. For Connally (as well as Nixon, Kissinger and countless other DC forked- tongues), the new mantra was “our currency your problem” as Uncle Sam enjoyed the “exorbitant privilege” of spending beyond its means, inflating its dollar and then exporting that inflation to the rest of the world via its world reserve currency powers. But powers can weaken… Poster Comment: That's good. I'm gonna need the cash for my pseudo-adopted daughter's funeral really soon according to Dr. Kimmy. Cancer. This will be my first non-clotshot related death since 2020.
Gold has made massive price moves in 2025, touching $3500 just days ago and finally making headlines in a politicized world, media and financial system that has otherwise deliberately attempted to ignore and downplay gold for decades. 
Post Comment Private Reply Ignore Thread