Time for an International Gold Reset
Every 30 – 40 years the world goes crazy, takes a deep dive into a shallow pond, dances with the devil, and resets gold internationally.
A corrupt congress created the Federal Reserve and reset gold’s status. Paper currency units (bad money) eventually drove gold (good money) out of the financial system. Add WWI, the IRS, and League of Nations.
In 1944 – 1949:
The Bretton Woods Agreement (1944) established the dollar as the reserve currency, backed by gold. WWII ended and the nuclear age began. The sun set on the British empire.
In 1980 – 85:
“Stagflation” ended, the gold bubble burst, and the debt-fueled bull market in stocks and bonds began. Gold prices reset lower after their bubble peak.
In 2019 – 2025 (speculation):
Gold reset higher (perhaps $10,000 – $20,000) in a multi-year rally because of diminished confidence in “over-printed” paper currencies, QE to infinity, corrupt central banks and insolvent governments.
GOLD – RESET OUT OF THE FINANCIAL SYSTEM:
In 1913: Gold was real money in the United States. Double eagles ($20.00), Eagles ($10.00), and Half-Eagles ($5.00) circulated. Congress and the bankers created The Federal Reserve to boost banker profits. Gold lost status in the financial reset.
In 1933: Gold prices reset, and gold ownership became illegal for US citizens. President Roosevelt issued Executive Order 6102 and forbid US citizens from owning gold, with minor exceptions. Americans received paper certificates for their gold coins. Gold was valued at $20.67 per ounce. Soon thereafter President Roosevelt devalued the dollar, and the gold price rose to $35.00 per ounce.
In 1971: The United States faced a tidal wave of dollars returning from the rest of the world (excessive spending) that the Bretton Woods treaty obligated the U.S. exchange for gold. Official US gold reserves had declined from over 20,000 tons to about 8,000 tons. President Nixon reset gold again and refused to honor the Bretton Woods Agreement. The dollar sank in value. He blamed speculators, instead of government deficit spending and Federal Reserve policies, and assured everyone it was a “temporary” reset. Massive consumer price inflation, devalued dollars, and uncontrolled debt increases resulted from the reset.
In 2013: Chairman Bernanke testified before congress and claimed gold “is an unusual asset,” and “No one really understands gold prices.” The Fed faithful and CNBC believed him. The dollar devaluation continued with QE, ZIRP and other fiat currency creations.
From Jim Sinclair:
Harry Dent, Wall Street cheerleaders and others assure us that our debt-based currency units Ponzi Scheme will not drive gold prices to new highs. It is also possible that friendly aliens will land a flying saucer in the White House rose garden, Elvis will return for a TV special, and the Easter Bunny…
Hugo Salinas Price: US Govt. Thought It Could Keep World from Investing in Gold
Paper dies, gold thrives.
Miles Franklin will recycle debt-based currency units into real money—gold and silver. Call them at 1-800-822-8080.
The Deviant Investor
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