interesting drop
I don't understand the infatuation of buying "gold" not in coins but just some 1s and 0s that sit on a computer somewhere, in a pyramid scheme that is the market full of imaginary money.
My understanding is that there isn't enough gold out there, even the US gov't gold reserves are supposedly in the low hundreds of billions at today's prices. So just like in the monetary system now there will be those who're left holding bag
I'm pretty sure the Fed can put the kibosh on gold as a legal currency rather easily, no?