The true role of gold in society was succinctly summed up in 1912 by the renowned American Financier JP Morgan when he declared that “Gold is money and nothing else.” Unfortunately, the U.S. Federal Reserve was created the very next year and as a result of its considerable machinations, Morgan’s timeless wisdom is often dismissed for long periods (1980 – 2000 being an obvious example). The immutable reality, however, is that every fiat currency system in world history has ended in ruins. Our current experiment in phony money is unquestionably headed down the same disastrous path, ensuring gold’s re-emergence once again as the world’s real currency.

The immutable reality, however, is that every fiat currency system in world history has ended in ruins. Our current experiment in phony money is unquestionably headed down the same disastrous path, ensuring gold’s re-emergence once again as the world’s real currency.

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As investment demand for gold inexorably rises due to the relentless debasement of all fiat paper currency, its price will rise to levels that will make it the private preserve of central bankers, sovereign wealth funds, large institutions and wealthy individuals. As a result of this phenomenon, the general public will increasingly switch its focus to silver as a refuge from paper money excesses and the impact on the silver price will be dramatic.

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