Which came first the chicken or the egg? Evolution suggests the chicken, but that's another discussion.
The re-monetization of gold will occur at higher price, so technically, it’s still nothing more than a revaluation within a decaying monetary system. The revaluation will likely be defined as a re-monetization once the process is complete.
Gold is rising because of debt and the policies enacting to combat its ever increasing burden. I’ll leave the lawyers to argue the semantics while the game unfolds. Right now, the rules of game demand recognition, profit, and protection.
Thanks for the comments,
Eric
Fine blog that you have, Eric.
Your Thursday article talks about gold being accepted as collateral for loans and to be used as backing for debit cards in UT. I think the better title is not, ‘Gold’s Revaluation Underway,’ but is ‘Gold’s Remonetization Underway.’
The public and policy makers are coming to view gold as money, again.
Keep up the fine work, Eric!
Sincerely,
John
