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
» Intellectual Thoughts and Empowering Thoughts (1 & 2)
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 11:52 am by Consciousness Of Economic

» False prophets
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 11:47 am by Consciousness Of Economic

» Entire Federal Reserve Payment System CRASHES
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyToday at 11:45 am by Consciousness Of Economic

» A Cheap, New COVID Cure Just Did Away Any Need for a Vaccine!
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 10:11 pm by Ponee

» Bad-clown Rising - Rock Bottom Comix
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 7:41 pm by PurpleSkyz

» Body Language: Lindsey Graham on Trump, McConnell, Midterms & Newsmax
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 7:38 pm by PurpleSkyz

» Shrooms: The Tesla Of Drugs
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 6:51 pm by PurpleSkyz

» UFO News ~ "V" shaped formation of lights on horizon in Arvada, Colorado plus MORE
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:35 pm by PurpleSkyz

» Strange streak of light apparently releases bright object over Red Springs
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:19 pm by PurpleSkyz

» Mitt Romney Admits: Trump Would Win GOP Nomination If He Runs In 2024
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:16 pm by PurpleSkyz

» Dark Journalist: The State of Emergency Powers!
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:13 pm by PurpleSkyz

» WTH – After Stealing the 2020 Election, Big Media Is Now Claiming Joe Biden Is Some Sort of Saint
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:07 pm by PurpleSkyz

» FULL (of it) Benjamin bla bla blah Fulford 02-22-21... Massive March Campaign Planned Against Global Idiocracy
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 1:00 pm by PurpleSkyz

» Rep. Bill Johnson: Democrat Efforts to Censor Dissident Media ‘Eerily Similar’ to Communist China
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:51 pm by PurpleSkyz

» FDA Says J&J COVID Vaccine ‘Safe,’ Emergency Approval Expected Within Days
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:22 pm by PurpleSkyz

» Following Lawsuit, CDC Removes Claim “Vaccines Do Not Cause Autism” from its Website
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:19 pm by PurpleSkyz

» Public Health Officials Are Lying About Lockdowns
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:08 pm by PurpleSkyz

» Biden Gives $4 BILLION to WHO and Bill Gates for Global COVID Vaccine Injury Compensation Program but Nothing for the People?
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyYesterday at 12:03 pm by PurpleSkyz

» Astrophysicists find rare star spinning backwards
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyWed Feb 24, 2021 4:41 pm by PurpleSkyz

» Bright Meteor Fireball Flashes across Sky over Alberta, Canada
This Is What Gold Does In A Currency Crisis, Euro Edition ~ ZeroHedge  EmptyWed Feb 24, 2021 4:38 pm by PurpleSkyz



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