Gold ripping again tonight. It’s a complete loss of confidence in fiat currencies.

6 comments

1. Fiat currencies dying slow. History repeating itself with shinier charts and more zeros.

2. Not all fiat, but most especially USD as the reserve currency.

   Gold is priced in USD, don’t forget that when you look at this chart. This is not just gold ripping, it is also a loss of faith in all assets that are only traded in dollars.

3. Everything is pegged to the USD and people are losing faith in the USD because of this Heritage Foundation run GOP government.

4. The “ripping” you describe in the past month, corresponds with when the rate cut was announced.

5. Dang and before the new year. I guess it could drop below 4200 before january

6. wild. I sold my gold a little over a year ago after sitting on it for 4. you’re welcome.

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