Throughout history the wealthiest people in the world were the ones who accumulated the most money. Things may be about to change. The future wealth could soon be those who own gold.
It’s very possible that there is a transfer of wealth in the making. In the coming years the Greenback may be forced to surrender its status to gold.
Here’s why…
The U.S. Dollar has been losing its value rapidly over the past 40 years. It all started in 1971 when President Nixon, under the pressure of governmental debt, ended the correlation of the United States Dollar and gold.
At that point the dollar was in trouble for the simple fact that the treasury could then print money out of thin air. Since they no longer had to store an amount of gold that was equal to the value of the dollars they printed, there was no constraints.
So, for four decades the printing presses were going full speed ahead. And, the spending was that of a teen who just inherited a cool million.
It’s a known fact that every paper currency in history has collapsed, no matter what country in the world they were issued. Prior to the dollar, there have been several U.S. currencies that have also folded.
The greenback is not immune to collapse either. Those in Washington seem to have no problem in helping to speed up that collapse with their binge spending.
Other countries who have investments in the U. S. dollar can plainly see it coming. China, the dollars’ favorite fan is catching on fast. They are now reversing their aggressive level of buying treasury bonds like they have in the past. Much of their currency reserves are now being invested in gold.
The more we lose foreign investment in the dollar, the greater the probability of a currency crash. Without the support of bond revenue, the government will have no choice but to devalue the dollar so they can pay off their debts with cheaper money.
When this occurs, any wealth that is valued in dollar based assets will become worthless. A change that could happen overnight! The result of this action will cause the price of gold to soar to unheard of levels, and those who own gold will be the new wealth in the world.
