What is the one thing you've known about ever since you were a child that is heavy, buried in the earth, rare, and worth a lot of money? There is something about gold that from one generation to the next for centuries gets passed on, recognized, and ingrained in the psyche of the populace as being extremely valuable.
It has been a symbol of prosperity throughout the ages.
Because gold's assigned dollar value in the futures markets fluctuates, and despite gold not being backed by the dollar since 1971, it remains in the minds of the people.
Pricewise, sometimes gold is in a sleeping state, and sometimes it's in a waking state, but it's always there.
More accurately, it is our society's collective conscious attention given to it that is either waxing or waning.
When our collective consciousness towards it is waxing strong, gold "awakens" and asserts its natural strength, and when our conscious attention towards it wanes, gold pauses to rest.
So if gold is no longer backing the dollar, then what use is it other than for ornamentive value and a few industrial applications? Is it truly a barbarous relic as John Maynard Keynes has stated? The divorce of the dollar and gold follows the pattern of many divorces.
There has been the ensuing power struggle with one triumphing over the other.
Then the mood changes, and the pendulum swings the other way.
Oddly enough, both can be down together.
And, at once, both can be lifted.
Manipulation is a part of many divorces, as it is with this one.
Just like with any divorce, though, the feelings and influence towards the other (good or bad) can never be neutral and separate again.
Try as it might, the dollar can never truly assert its independence from gold, its antithesis.
All eyes are on the two, and the public recognizes that it was an ugly divorce, and that in normal course of events there is an inverse relationship; when one looks good, the other is faltering.
If history is repeated this time around, one of the divorcees will ultimately be sacrificed, committing suicide by trying to outdo the other.
History's odds give this divorcee about 40 years from its venture into the single life (fiat).
Gold has staying power.
It has had many a partner.
None survive when they go it alone.
Gold grows, not by leaps and bounds, but slow and steady.
All of its former X's have been too green with envy and tried to be something they were not, growing by leaps and bounds.
Eventually they outgrow even their usefulness.
You are an innocent bystander, a member of the family.
Trying to get wealthy from this disaster of a relationship puts a bad taste in your mouth.
But then again, it may be more about protecting yourself from a mess you had no part in creating.
And remember, gold didn't leave the dollar, the dollar left gold.
It has been a symbol of prosperity throughout the ages.
Because gold's assigned dollar value in the futures markets fluctuates, and despite gold not being backed by the dollar since 1971, it remains in the minds of the people.
Pricewise, sometimes gold is in a sleeping state, and sometimes it's in a waking state, but it's always there.
More accurately, it is our society's collective conscious attention given to it that is either waxing or waning.
When our collective consciousness towards it is waxing strong, gold "awakens" and asserts its natural strength, and when our conscious attention towards it wanes, gold pauses to rest.
So if gold is no longer backing the dollar, then what use is it other than for ornamentive value and a few industrial applications? Is it truly a barbarous relic as John Maynard Keynes has stated? The divorce of the dollar and gold follows the pattern of many divorces.
There has been the ensuing power struggle with one triumphing over the other.
Then the mood changes, and the pendulum swings the other way.
Oddly enough, both can be down together.
And, at once, both can be lifted.
Manipulation is a part of many divorces, as it is with this one.
Just like with any divorce, though, the feelings and influence towards the other (good or bad) can never be neutral and separate again.
Try as it might, the dollar can never truly assert its independence from gold, its antithesis.
All eyes are on the two, and the public recognizes that it was an ugly divorce, and that in normal course of events there is an inverse relationship; when one looks good, the other is faltering.
If history is repeated this time around, one of the divorcees will ultimately be sacrificed, committing suicide by trying to outdo the other.
History's odds give this divorcee about 40 years from its venture into the single life (fiat).
Gold has staying power.
It has had many a partner.
None survive when they go it alone.
Gold grows, not by leaps and bounds, but slow and steady.
All of its former X's have been too green with envy and tried to be something they were not, growing by leaps and bounds.
Eventually they outgrow even their usefulness.
You are an innocent bystander, a member of the family.
Trying to get wealthy from this disaster of a relationship puts a bad taste in your mouth.
But then again, it may be more about protecting yourself from a mess you had no part in creating.
And remember, gold didn't leave the dollar, the dollar left gold.