Today's top gold news and opinion

It is quiet and popular. Markets such as stocks, bonds, gold, silver, dollars and commodities are moving at a steady level. Even Argentine pesos seem to be stable at least for now. Gold trading price is $ 1,197, silver price is $ 14.22. But it is quiet and may break down later this week. The Labor Bureau released the latest consumer price report on Thursday. At the same time, I came from Australia this morning and I felt a good story. Miners working at Beta Hunt Nickel Mine at RNC Mining Canada hit the bus last week - an explosion created 9000 Troy ounce gold worth $ 90 million. According to reports, 200 pounds of rock contains "2,400 oz of luxury gold". The mining company auctions the item as a collection. By the way, it says the mine may be deeper.

"Chinese and American leaders can use the various carrots and bars they can use (economics, military, networking, etc.), so they decide what to use now and extend the distance of the test The upgrade is done in the form of a tat - it is a series of larger, more painful upgrades and takes a variety of forms that can transcend trade (eg, capital war etc). I have made it possible to easily cross the wise Chinese leader I mentioned with anyone's control. "[Emphasis added]

Explanation of Charts: In the past few weeks, the US dollar has become a focus of attention and we believe it is appropriate to issue long-term duplication charts of major currency versus gold prices and the US dollar index. As you can see, in the early 1970s the US abandoned the gold support of the currency and the dollar declined over the long term against other major currencies since the world turned to freely fluctuating gold and currency prices doing. Despite the fact that people have talked about strong dollars and how the Finance Minister has endorsed this concept in history, the reality is opposite - from the perspective of the major competitors, the dollar is weak. Finally, as shown, the unlimited ownership of physical gold and gold bars has proven to be a very effective defense in the ongoing process.

It is mainly psychological that gives value to assets like gold, it is due to public opinion over time. Kim has achieved this goal for thousands of years, but unprecedented real estate assets have been released in the last decade and threatened money as a worldwide value provision. It will not happen overnight, but I am as confident as many other people, people all over the world will start looking for this new digital gold to save their wealth.

Gold is an obvious king of durability. The vast majority of gold mined or cast, including Pharaoh's gold, still exists and may become available after 1000 years. The gold coins that have been used as money since ancure hold important values ​​even today. Fiat currency and Bitcoin are basically digital records that may be in physical form (such as paper currency). Therefore, the physical performance of its durability should not be taken into account (as the aged US dollar banknotes can be replaced with new ones), but the durability of the institution that issued them. In the case of flat currencies, many governments went for centuries and their currencies disappeared. Papiermark, Rentenmark, Reichsmark of the Weimar Republic are no longer worth because there is no institution that issued them.

The digital gold currency is a digital currency supported by a number of gold units that can be exchanged for gold, as well as a US paper gold certificate used between 1873 and 1933. Today, the digital gold currency is issued by a company like GoldMint. This is also a platform on which users can pay each other in units of gold that is as valuable as gold bars. The digital gold currency is considered an independent currency. The market value of gold is more stable than other metals. When other currencies are weak, the value of gold usually rises. One of the most common use case story is that during war and natural disasters people often return to using gold bullion for payment of essentials. In other words, even if other currencies no longer have value due to political, social and economic uncertainty, gold is still valuable and the most respected barter project.