- Gold and Crypto: Is This How Charts Look Before A Monetary Collapse?
It is the the massive debt. It cannot be serviced. It will collapse the whole system. The gold, silver and cryptocurrencies charts are showing signs of going parabolic. The US dollar is close to confirming a massive breakdown.
Gold, silver and cryptocurrencies all provide “crisis value” by simply being an acceptable debt-based fiat alternative. It is only later in this crisis that we will see a divergence between cryptocurrency and precious metals. For now, they are likely to move higher together.
Gold has recently made new all-time highs, and seems ready to go higher after a decent consolidation. The importance of the 2011 all-time high can be seen on these charts: