$XAU - Brief History of Gold
Updated
- Ever since the Dawn of Times, Ancient Civilazations, Empires, Monarchies and many other forms of Rulings,
Gold has been used as a means of trading transactions, wealth measurement and storage of wealth amongst many other forms of wealth (cattle, land, cultivation etc)
From the Abrahamic Religions studying Eschatology (The End of Times subject) stating prophecies regarding The Droughtness of Euphrat River and it's floor uncovering a 'Mountain of Gold' ,
to the modern States Assets Balance Sheets accumluating Gold into their State Reserves,
Gold's Use Case seems to never cease to decrease in its value.
In the midst of this era of frenzy economic and monetary system where fiat currencies have been de-pegged from Gold starting with U.S.Dollar since 1971,
one can argue that Gold's current price is merely undervalued and heavily manipulated for what its really worth.
Just recently, United States Debt Ceiling got cancelled off,
reaching a mighty Debt of 32 Trillion U.S.Dollars $.
A Debt with Capital T that will never get payed back.
Many countries are now getting rid of USD and bashing off their reserves while adding more Gold.
The Countries reporting the largest purchases throughout 2022 and 2023 are ;
-Singapore (51.4 tonnes)
-China (39.8 tonnes) (BRICS country)
-Russia (31.1 tonnes) (BRICS country)
-India (2.8 tonnes) (BRICS country)
BRICS is going all out !
That's indeed a very strong alliance that can hold quite some resilience and composure against US, strategically and politically speaking.
It seems the World is headed closer each day that passes towards the 'Mushroom Clouds' prophecy of Muhammed a.s, a Nuclear Warfare WWIII
It's not if, it's a matter of when and what conflict will really trigger the launch of nuclear weapons.
Will it be China-US ?
It may happen to be India-Iran.
Who knows ..
Just pray we won't be the generation to witness it.
To put an end to this, I'd like to use the infamous quote by Albert Einstein stating :
"I know not with what weapons World War 3 will be Fought,
but I know the Fourth one will be fought with Socks and Sticks "
Gold has been used as a means of trading transactions, wealth measurement and storage of wealth amongst many other forms of wealth (cattle, land, cultivation etc)
From the Abrahamic Religions studying Eschatology (The End of Times subject) stating prophecies regarding The Droughtness of Euphrat River and it's floor uncovering a 'Mountain of Gold' ,
to the modern States Assets Balance Sheets accumluating Gold into their State Reserves,
Gold's Use Case seems to never cease to decrease in its value.
In the midst of this era of frenzy economic and monetary system where fiat currencies have been de-pegged from Gold starting with U.S.Dollar since 1971,
one can argue that Gold's current price is merely undervalued and heavily manipulated for what its really worth.
Just recently, United States Debt Ceiling got cancelled off,
reaching a mighty Debt of 32 Trillion U.S.Dollars $.
A Debt with Capital T that will never get payed back.
Many countries are now getting rid of USD and bashing off their reserves while adding more Gold.
The Countries reporting the largest purchases throughout 2022 and 2023 are ;
-Singapore (51.4 tonnes)
-China (39.8 tonnes) (BRICS country)
-Russia (31.1 tonnes) (BRICS country)
-India (2.8 tonnes) (BRICS country)
BRICS is going all out !
That's indeed a very strong alliance that can hold quite some resilience and composure against US, strategically and politically speaking.
It seems the World is headed closer each day that passes towards the 'Mushroom Clouds' prophecy of Muhammed a.s, a Nuclear Warfare WWIII
It's not if, it's a matter of when and what conflict will really trigger the launch of nuclear weapons.
Will it be China-US ?
It may happen to be India-Iran.
Who knows ..
Just pray we won't be the generation to witness it.
To put an end to this, I'd like to use the infamous quote by Albert Einstein stating :
"I know not with what weapons World War 3 will be Fought,
but I know the Fourth one will be fought with Socks and Sticks "
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Note
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