Over the decades and the centuries, the safest place to keep your wealth has been in gold. Even Picassos can go out of style. Colored diamonds are currently taking precedence over white diamonds. But gold is built into the DNA of man. In coin form, in brick form, in necklace form, in the form of Rolex watches, gold has always been a magnet for men (well, except for Warren Buffett).
During hyper-inflation or deadening deflation, when "all is lost," gold holds its attraction for humans. Gold, in a matter of speaking, is "the last man standing."
Month by month, year by year, to the frustration of the Fed, gold is creeping back into the system. Now we hear the state of Utah has instituted a new law stating (as per the U.S. Constitution) that gold and silver are legal tender for the settlement of all debts. Furthermore, gold will be valued as per its weight rather than its absurd legal tender price on the face of U.S. coins.
Utah will probably start issuing gold and silver coins or bars in various denominations so they can be used in trade in Utah. Other states are expected to follow Utah's example. If so, people may start to demand payment for their work in silver and gold rather than in irredeemable Federal Reserve notes.
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