Gold: The Ultimate Measure of Globally Accepted Value.
In this report I cover the early market action from London on Thursday, April 5th, 2018. I look at the precious metals, stocks, interest rates, the dollar and crypto currencies. I briefly go over the technical picture for bitcoin, gold and the Dow and I also note that I maintain my view that crypto currencies and the precious metals sector will out perform the general stock market in the medium to long term.
I also look at a book entitled "The Pocketbook of Gold- A Survival Manual for Monetary Mayhem." by James Sinclair and Peter Carlin. I cover some of the passages in the book and note how gold is the ultimate measure of value and has been for millennia.
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Thank you for the update!
Gold is also the perfect money because gold supply grows more or less in correlation with population growth and thus economic activity. It's a somewhat convenient coincidence that prevails even today.
The more we have people like you talking about gold the way you do the more we will have people that hold gold. Thanks, for the daily economic reminders.
Very nice update market
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Yeah right, the most important aspect of it besides being a store of value is its chemical properties which allows for excellent material used in technical designs, like in computer chips and then jewellery.
For cryptocurrencies to reach this sort of level, their actual physical use must be mainstream.
Hello, perhaps you can make a video about the comparison of value amounts (gold, silver, oil, paper-money - different currencies, cryptos). How many percent of the paper money can be backed with the current gold price? I guess the gold price is much to low for such a backed system.
Great post.
I appreciate your post...
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