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While there are several, interrelated reasons for gold’s spectacular rise, John Williams of Shadowstats would agree with the notion that, while the price of gold is rising, its value is not. Because the value of the dollar is shrinking, it takes more of them to buy an ounce of gold. That’s inflation – and it’s driven by money-printing, not because Gold Bugs are reproducing faster than the general population; we are not.
Of course, the criminal elements running the government/monetary system will tell you that inflation is negligible and looming deflation is the real problem. Hence, wanton money-printing is not only harmless – it’s necessary!
It may shock you to learn that the inflation statistics are being cooked and Williams has the details. And, a warning: we cannot be responsible for the consequences if you stare at Williams for the entire video.
Originally posted by loves a conspiricy
reply to post by wisdomnotemotion
lol what i mean is...it peaked at $1900, and has been dropping ever since. Uncertainties such as wars/conflicts effect gold prices.
The dollar is bouncing back....slowly