"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard. (1967)...Gold still represents the ultimate form of payment in the world....(May, 1999) " Alan Greenspan
A ten year chart:
A two year chart:
A six month chart:
Today, the HUI Index broke up and out of its triangular flag formation. Bullish. This makes sense seeing how the US dollar is losing value so fast, not to mention other government fiat tokens. Gold in going up in price of virtually all government fiat tokens since they are all devaluing their tokens, to varying extents. The US dollar being one of the worst, and this whole devaluation scene being far from over, thus gold and silver being on the move, **up**.
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