Every gold holder rejoiced the recent crazy good rally.
Then came the lower circuit crash, which was also rejoiced by those who missed buying gold on the way up.
But did you try to think what Gold price rising almost parabolically says?
It means the value of currency is down.
Last year needed ₹80L to buy 1kg of gold.
This year you need ₹1.6cr to buy the same 1kg of gold.
And that says the purchasing power of currencies ₹/$ went down by 50% in just a single year.
100 years back too, 1kg gold helped one buy a home in Mumbai.
100 years later, now too, 1kg gold helps one buy a home in Mumbai.
The value of 1kg gold is 1kg gold. It’s only the value of currency which is gone down.
Only thing is value of currency has depreciated a lot.
And what does this gold rising rally says? That dedollarisation is happening right in front of our eyes.
The global reserve currency $, is getting devalued and soon to be replaced by another currency.
Mostly by the Bitcoin.
It’ll happen gradually and then all at once.
Just like Silver prices shooting thru the roofs all at once.
The world is preparing for dedollarisation, the central banks across the world are preparing for dedollarisation, the crypto enthus are preparing for dedollarisation. Are you prepared for dedollarisation?
I prepone my targets of $ being replaced by another currency from 2050 to way before now…
