Gold is now selling at over $4250. That doesn’t mean that gold is worth more. It means the dollar is worth less. Oh, and silver is now selling at more than $52. The dollar is quickly crashing.
The dollar has lost 3/4 of its value in the past decade, 90% of its value in the last 20 years, and 98.5% of its value since we went away from being a gold based currency in 1973. That isn’t the greed of the banks, that’s the greed of our government.
2 Comments
SiG · October 16, 2025 at 8:07 am
Like you, I’ve been watching this regularly. As I understand it, this means central banks in other countries (the biggest gold buyers) are losing trust in the dollar, so they’re buying (gold and silver) instead of US Treasuries. That distrust is a significant step toward the economic collapse of the US?
Divemedic · October 16, 2025 at 8:23 am
It’s an ominous signal. The thing that makes the US an economic powerhouse is the US Dollar’s use as the world trade and reserve currency. What got the dollar to that point was twofold:
1 The enormous US manufacturing capacity that was largely untouched by the two World Wars blowing up the work of 500 years of progress in Europe
2 The large amount of creative and engineering prowess. The things that were invented in this nation were incredibly good for the dollar
The US is no longer the owner of those two factors. Combine that with the behavior of our government as they use our currency and economic influence (sanctions, anyone?) to tell other nations how to do things, then combine that with the imperial behavior of our military and intelligence communities, as well as our enormous national debt, and you have a recipe for economic disaster.
I also believe the reason why Trump suddenly stopped calling for an audit of the gold in Fort Knox is because it isn’t there. If it were to become public knowledge that the gold of Fort Knox has been raided, the US economy would collapse, and the world economy would go with it.