OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» 36 Million Families to Stop Receiving Monthly Child Tax Credit Payments in January
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 6:11 pm by bigdog2aton

» Mysterious town in Japan is obsessed with UFOs and aliens
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 1:31 pm by PurpleSkyz

» Martin Luther King, Jr. I Have A Dream Speech
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 12:20 pm by PurpleSkyz

» Myocarditis Tops List of COVID Vaccine Injuries Among 12- to 17-Year-Olds, VAERS Data Show
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 12:14 pm by PurpleSkyz

» Non-Jabbed Father Stripped of Visiting Rights by Judge
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 12:11 pm by PurpleSkyz

» Dangerous M6.6 earthquake hits off Java, Indonesia
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 12:08 pm by PurpleSkyz

» Life insurer refuses to cover vaccine death
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 12:01 pm by PurpleSkyz

» Dr. Sam White Interview – Doctors Are Being Suppressed, Censored & Attacked For Telling The Truth
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 11:32 am by PurpleSkyz

» American Students Organize Classroom “Walk Outs” To Demand Return To Remote Learning
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 11:27 am by PurpleSkyz

» 15-Year-Old Soccer Player from Brazil Dies from Cardiac Arrest Following National Football Cup Tournament Game
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 12:34 am by PurpleSkyz

» Route 91: Uncovering the Cover-Up of the Vegas Mass Shooting
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 12:21 am by PurpleSkyz

» COVID-19 Vaccines: Scientific Proof of Lethality
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 12:17 am by PurpleSkyz

» Open Letter to Steve Kirsch
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 12:14 am by PurpleSkyz

» New Normal: Former Malaysian Professional Football Player Dies of Heart Attack 5 Days After Receiving COVID-19 Booster Shot
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 4:10 pm by PurpleSkyz

» Hundreds of Thousands Protest ‘New World Order’ in France as COVID Narrative Crumbles
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:58 pm by PurpleSkyz

» The Full Extent of Jeffrey Epstein’s Crimes Are Slowly Being Revealed
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:50 pm by PurpleSkyz

» Japan Drops All Vaccine Mandates, Places Myocarditis Warning on Label
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:42 pm by PurpleSkyz

» Why Are Concrete Walls Being Constructed Around The White House?
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:36 pm by PurpleSkyz

» Q&A With Scientist Who Discovered Cannabis Can Prevent COVID-19
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 9:52 am by PurpleSkyz

» Tragic: 38yo Athlete Dies after Suffering Heart Attack During Swim Portion at Ironman 70.3 Pucon
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 9:48 am by PurpleSkyz

» Smoking Gun: Moderna Patented ‘Man Made’ SARS-CoV2 Gene Sequence in 2018
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 9:41 am by PurpleSkyz

» NASA Probe Gets Closest Look At Sun’s Atmosphere Than Ever Before And Makes Immediate Discoveries
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 9:34 am by PurpleSkyz








This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  4ccd9cb4-22af-4abe-a6c4-4d57fbce210b_zps8t6pdo1h

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