Latest topics
» Cult Alert - Sourcetruth Enterprises Inc. Continues To Expand
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 1:55 am by RamblerNash

» SCAMMER ALERT! - Judy aka Quartz Crystal the Source Player is PLAYING You for DONATIONS! - PLUS A CULT MEMBER CONVERSATION
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 1:48 am by RamblerNash

» Body Language: Putin & Assad In Damascus, Trump Joke
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:36 pm by PurpleSkyz

» Boyan Slat touring through Asia - Cleaning Rivers - The Ocean Cleanup
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:34 pm by PurpleSkyz

» POOPness for JAN 16: TRUST FUNDS CLEARED IN ACCOUNT - PSYCH! SEND ME MORE DONATIONS SUCKERS!
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 11:44 am by PurpleSkyz

» UFO News ~ INCREDIBLE UFO FOOTAGE CAPTURED OVER TULARE CA plus MORE
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 11:15 am by PurpleSkyz

» David Shilcock & Graham Hancock - Archaeology Discoveries How Are These Things Even Possible
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 11:08 am by PurpleSkyz

» #QTard Drama Theater - An Introduction to Q plus more
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 11:03 am by PurpleSkyz

» 5 Extraordinary Examples of How The Butterfly Effect Has Changed History...
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 10:58 am by PurpleSkyz

» Proxima Centauri may Host a Second Planet, a Super-Earth Six Times the Mass of Earth
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 10:42 am by PurpleSkyz

» 7 major Earth changes that are happening right now that everyone needs to know about
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 10:37 am by PurpleSkyz

» MUST WATCH: Take Back Your Power – smart meter documentary
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 10:34 am by PurpleSkyz

» Bees Absolutely Love Cannabis and It Could Help Restore Their Populations
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 10:28 am by PurpleSkyz

» The Collapse of the Petrodollar and Transition into a New System
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 10:17 am by PurpleSkyz

» Bill Ryan of Project Avalon - Debate Challenge! A Quartz Crystal Minion "Sourcetruth" Cult Failure!
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:31 am by PurpleSkyz

» Pentagon refuses to release information on UFOs - Luis Elizondo
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:04 am by PurpleSkyz

» NIBIRU News ~ Black Star Report plus MORE
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:03 am by PurpleSkyz

» Jeffrey Epstein Estate Sued by U.S. Virgin Islands over Child Sex Abuse Claims
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:01 am by PurpleSkyz

» Short of Time: Julian Assange at the Westminster Magistrates Court
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:58 am by PurpleSkyz

» MAX IGAN - What's Really Happening With the Australian Fires
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:51 am by PurpleSkyz

» A Week of Royal Headlines
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyThu Jan 16, 2020 9:27 pm by bs4ever

» Working with Animals BRIDGENIT
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyThu Jan 16, 2020 3:26 pm by Consciousness Of Economic






CURRENT MOON




You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge

This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge
 
 
 
 
 
 
Rate This

This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  Picture-5
Submitted by Tyler Durden on 01/23/2015 08:09 -0500
Submitted by John Rubino via Dollar Collapse blog ,
Yesterday the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-a-lot-less paper money into something tangible. They’re bidding gold up dramatically.
So after falling hard in 2013 and treading water for most of 2014, the euro price of gold has gone parabolic in the space of a couple of months. This sudden rather than gradual awakening is the standard pattern for a currency crisis, mainly because it takes a long time for most people to figure out their government is clueless and/or lying. But once they do figure it out, they act quickly.
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  Gold-in-euros-Jan-2015
Europe’s gold chart isn’t as dramatic as Russia’s (see it here ) because Europe doesn’t depend on oil exports and the euro, while dropping versus the dollar, isn’t yet in free-fall. But with another trillion euros due to hit the market in the coming year, and a series of currency union-threatening political crises in the pipeline, the flight to safety could easily become a stampede.
Europe and Russia, meanwhile aren’t the only countries with incipient currency crises. Here’s gold in Canadian dollars:
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  Gold-in-Canadian-Dollars-Jan-2015
Just to be clear, this isn’t a prediction about the immediate future, but an attempt to illustrate the nature of gold. It behaves this way in crises because it is sound money which can’t be created in infinite quantities by panicked central banks as can euros, Canadian dollars and all other fiat currencies. These charts illustrate what happens when this difference starts to matter.
Right now, the fear is country-specific. Europeans start to distrust their government and shift to gold, without necessarily questioning foundational concepts like big, activist government and central bank management of fiat currencies. They still assume that the euro would be fine if managed correctly.
The next stage will begin when enough local currencies blow up to make people realize that the problem isn’t with specific governments or national forms of money, but with the idea of fiat currency itself. When that happens the global gold chart will look like Europe’s — but with more zeros.
http://www.zerohedge.com/news/2015-01-23/what-gold-does-currency-crisis-euro-edition


Thanks to: ascendingstarseed.wordpress.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum