Everyone should Be Thrilled By The Gold Crash

gold

Last Friday the price of gold plunged. The price of gold is a topic of excitement for economists and central planners.  The collapse in gold  has just fallen below $1500/oz.

Why is gold so important worldwide?

Gold is important to their worldview, because it represents a quasi-money that’s not tied to any government or central bank.  When people invest in gold this is an indication that they are rejecting government money, and finance.  Investing in gold makes people feel that gold related assets are a better investment than human endeavors.

A series of events that have caused humans to question their faith in humanity were the 9/11, internet, two wars, housing implosion, and the recession.  While all of these events negatively impacted people, the trust people have in gold did not dissapear.

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Picture by Doug88888

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