How to Profit from Gold (End the Fed)(Gold Standard)

[davepamn]

Gold maintains it’s originally value against the force of inflation. The gold cover clause states that a portion of the U.S treasury amount must be covered by gold in terms of dollar amounts not ounces. Gold value increases as price increases offset the inflationary affect.

[davepamn]

If I had money, I would buy gold immediately like all the other rich people. How did the rich know that the gold standard was correct? The wisdom of the crowds provides the immediate solutions. It took me alot of research to realize gold accumulation during inflation makes sense.

[davepamn]

Rhe wealthy buy gold as a means to escape State spending. Governments don't produce wealth, they consume wealth. The wealthy never departed from the gold standard. They buy and sell bonds like gold. However, if government spending goes out of control, they buy gold like a central bank.

[davepamn]

the store 260 million ounces of gold with the us treasury and every ounce is guaranteed to be returned on surrender. central banks buy gold and act as if they never went off the gold standard. the wealthy buy gold as a protest of state capitalism devaluing the currency