Miners could use these gold-bearing trees to locate new gold deposits. In fact, a 2019 mineral exploration company used tree leaves to locate a 6-meter vein containing 3.4 grams of gold per ton in Australia.
Despite its link to gold, Bretton Woods didn’t prevent inflation or recessions. But gold convertibility did put an external constraint on politicians and central banks—which is why it had to go.
Circulated silver coins aren’t worthless junk, especially as the shiny gray metal breaches its all-time high of $50 an ounce, and its value rises rapidly in depreciating currencies.
Gold is rallying because it is measured in declining dollar values and because it is the safe haven of choice now that central banks are ditching the dollar.
Can the gold short derivative positions engineered by the U.S. and U.K. governments no longer be covered because there simply isn't enough gold available to those governments anymore?
