Gold: Extinguisher of Foreign Debt.
In this report I cover the early market action from London on Thursday, September 28th, 2017. I also look at the origin of the word money and how gold bullion is the only monetary way for sovereign nations to settle or extinguish foreign debt.
Very interesting post @maneco64. Gold is a tangible asset which is finite in quantity. It actual practical use in itself. This indicates that gold can hold its value. Fiat money is physically worth next to nothing. It relies on faith. Why would anyone want their debt settled with potentially something worth nothing?
The central banks churn out so much paper that inflation will eventually completely erode the value of paper fiat money. The price of gold will also eventually adjust accordingly, it can't be kept down forever.
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@spectrumecons Thanks for the feedback, the follow and subscription on YouTube.
Thanks for your work @maneco64 Followed...
interesting .... that figure 6k plus is almost exactly the figure in the debt clock website ... http://www.usdebtclock.org/ ... upvoted
Thank you for the information. My brother said Ryan air was so inexpensive because they did not serve food. You version sound logical.
great video dude agree with you <3