Gold at 10.000 dollars an ounce, as much as it sounds unrealistic today, history proves that it is possible A New Monetary System is Coming That could See the Dollar Reboot and a Gold price Revalued to at least $10,000 an Ounce. I know it sounds insane or even impossible to think right now, but gold revaluations have happened throughout history and it will happen again. It seems to take place in cycles of every 40-50 years. In the United states, the price of gold revalued in dollars has happened twice in the past 90 years. The first time was in 1933 when President Franklin Roosevelt ordered an increase in the gold price from $20.67 per ounce to $35.00 per ounce, nearly a 75% rise in the dollar price of gold.
The second time was in the 1970s when Nixon ended the conversion of dollars into gold. In this video compilation, we will discuss the scenario of a new gold revaluation and what effects it would have on the price of Gold. This video features parts of a video from Kitco news with statements of Jim Rickards and Peter Schiff; additionally, this video also has parts of a video extracted from the GoldSilver (w/ Mike Maloney) channel with images and speech of Mike Maloney. The 1971 Nixon shock speech in cancellation of the direct international convertibility of the United States dollar to gold is also feature in this video. The following books were used as reference in this video (see link bellow):
The New Case for Gold by James Rickards https://amzn.to/3dV8XGY
Guide to Investing in Gold and Silver: Protect Your Financial Future by Michael Maloney, Robert Kiyosaki https://amzn.to/3uFoukJ
The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country by Peter Schiff, Oliver Wyman https://amzn.to/3sdFexP