Loading ...@ Goldi – perhaps I could have worded it better. I don’t think it is the only thing, but the strength of Federal Reserve Note is certainly a huge part of confidence.
You are right – gold is a symptom, not the cause. But gold gets attention. Gold is a very visible alternative to the $FRN – the “Canary in the Coal Mine”.
If the $ price of gold were to be rapidly increasing every day, even the braindead would start to worry that something was rotten in the Land of the Free. and that worry might lead them to look closer for causes and solutions.
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An epiphany? Posted by drb2 @ 22:28 on April 1, 2015
I was thinking about what Armstrong, and others, have said – “Gold won’t rise until confidence in US government falls”.
What if the reality is: “Confidence in the US government won’t fall, as long as the dollar price of gold does not rise”.
Drb2 Posted by goldielocks @ 0:17 on April 2, 2015
Why do you think gold is the only thing that will cause people to lose confidence in the Gov? After all their doing such a good job right? Gold rising is only a symptom of it not the cause.