Based on your above comment about thinking gold is a good investment sums you up.
We are not here to make 2% a year, let the millionaires play with that.
Russia and China are buying tonnes and tonnes of Gold.
So what? do China and Russia really think they can re-enforce a gold backed currency again? we will see WW3 before this happens, not only that it would require a currency reset, most countries have over 10x more fiat than gold, few examples:
China = 1850 tons of gold, price per ton = $64.3 million, current total of gold in $$$ = $118,955,000,000. Chinese GDP = $11,200,000,000,000
Russia = very similar gold supply to China but about 1.2 trillion GDP
USA = $261,600,000,000 in gold supplies, GDP of $18,570,000,000,000
We've not been gold backed for a very long time and it won't happen, it's never worked and to go back to it would cause issues far past your imagination, on top of that the simple reason America puts so much in to it's military is to keep it's economical power in place... this to them is far more valuable than paying off debt.
On top of that, we are here for investments and profit, gold is one of the worst investments for profit out there, it's stable but terrible for gains.
Your simple views don't make things a reality.. you're just a guy with simple views and too high in confidence mate, relax on the FUD and go learn a thing or two
