Gold is up! Fiat is down. This price chart shows the crashing value of the Canadian Dollar over the past 15 years. Here in Canada, the gold bullion rush is just getting started, with people buying hand over fist. Gold has gone mainstream - even Costco selling bars and coins now - and a segment of the public is doing what they can to convert fiat savings into sound money.
Gold hit a new all-time high today in almost all fiat currencies, including the US Dollar, at 2625 USD per ounce.
That's 3570 CAD in my local currency. Gold was about 1200 when I begged my family to consider putting some savings into bullion like Gold Maple coins. I wish they had listened. Not only because our family would have preserved 3 times more wealth... but because as a result of them not listening, and regretting that, there is now permanent resentment and bitterness. Me being right (and them being wrong) about this and other important issues has caused a lot of headaches, and generally not been the blessing I thought it would. In fact, I wish I had never warned them what was about to happen about gold, about Covid, and about so many things in recent years.
As for gold, it's not over. The fiat price (if you can find it) is going into the tens of thousands of dollars. Strap in, cuz it's about to get interesting in the financial world.
Here we gooooold!
DRutter
