Gold Hits New Record High

Gold bullion has hit a new record high value: $3541. per ounce.

Meanwhile, Bitcoin, the crypto currency, has stunningly soared above $90,000.

It is starting to appear to many people that the logic taking place here is: Anything BUT the U.S. Dollar.

Hal Turner Remarks

I do not own any crypto currencies and have no intention at all of ever owning any.   I also do not own any stocks or bonds and have no intention of buying them either.

Yet what we seem to be seeing is something I brought up on this website over two years ago, and have spoken about on my radio show:

It appears the world is getting OUT of the US Dollar.   Oil trades, the lynchpin to the Dollar being the world's "reserve currency" are now being settled in currencies OTHER THAN the dollar.

Countries that, for decades, stored US dollars in their central banks to conduct global commerce, are sending those dollars back to the US because they no longer want to face "economic sanctions" by the US, and because the US national debt is $36 TRILLION+, with absolutely nothing backing the currency.

It seems the word has decided they need to take this:

and convert it to tangible things (excepting crypto)  that are NOT THIS.

Hence, the skyrocketing price of Gold.

I don't know where all this is heading, but it doesn't look good to me.