Gold-Eagle/F.T. Dao/6-1-2020
“We expect GSR [the gold-silver ratio] first drop from a historical high value of 120 to 60, and then to 30. The drop will take several years. What does the drop represent? Clearly for the 2020 crisis, it means that silver is rapidly joining gold as safe-haven money. This is Nature’s way to put a stop to unlimited currency printing, leading to a Great Monetary Reset, where gold and silver will pay an important role.”
Chart courtesy of F.T. Dao and Gold-Eagle
Click to enlarge
“[T]he French people,” pronounced the Bank for International Settlements in 1949, four years after the end of World War II, “remembering the old gold franc introduced by Napoleon in 1803 (the so-called franc germinal), which maintained its value intact up to 1914, and thus withstood the strain of two lost wars—1814 and 1871—as well as a number of other vicissitudes, can-not help thinking that, compared with the paper franc which since 1914 has lost 99% of its purchasing power, gold, irrespective of any short-term fluctuations in the price paid for it, is in the long run a trustworthy basis for savings.”
“The economist (and host of a biweekly economic news broadcast) does expect things to get better before they get worse: He foresees a slow, lackluster (i.e., “U-shaped”) economic rebound in the pandemic’s immediate aftermath. But he insists that this recovery will quickly collapse beneath the weight of the global economy’s accumulated debts.”
