Gold vs $200 Trillion Counterfeited Money

The comments below are an edited and abridged synopsis of an article by Egon von Greyerz

Gold has been money for 5,000 years because it is constant wealth and can’t be altered or forged successfully.

Gold vs $200 Trillion Counterfeited Money | BullionBuzz | Nick's Top Six
Hundred dollar bill under a magnifying glass. Counterfeit Concept

As for distinguishing bad from good fiat money, bankers/central bankers have made that task ridiculously easy for us, because there is no good fiat money. All fiat money is produced at will with the push of a button, which means at no cost; clearly it is not worth the paper it is written on.

Anything that can be produced in unlimited quantities at no cost can, by definition, not be worth more than zero.

We cannot ignore reality: In this century, over $200 trillion of debt or fake money has been produced in the world. That is 200% more than all the debt monies created ($100 trillion) in history until 2000. This sum excludes promises and lies in the form of global unfunded liabilities (Medicare, social security, pensions, etc), plus up to $2 quadrillion of derivatives that will end up being worth nothing.

Few realise the consequences of the world’s insatiable need of fake money. The super bubble will inflate until it one day it totally implodes.

Von Greyerz discusses gold and central banks, how the last resistance for gold has been broken, and it’s $3,000 per ounce next.

Anyone who fails to protect their family’s and future generations’ wealth is not only irresponsible, but also stands to lose virtually everything as the most epic asset bubble in history bursts.

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