srsroccoreport.com / Steve St. Angelo / January 9, 2017
The U.S. will never go back on a gold standard. The notion that a U.S. Dollar backed by gold would solve our financial problems is pure folly. Why? Because, if the U.S. Empire didn’t abandon the gold standard in 1971, it would have collapsed decades ago.
Unfortunately, some of the top experts in the precious metals community continue to suggest that revaluing gold much higher, to say…. $15,000-$50,000 an ounce, would bring confidence back into the Dollar. Not only will this not happen, it wouldn’t save the Dollar even if it did.
Why? Well, that is the $10.5 trillion question, isn’t it? I provided that exact $10.5 trillion figure for good reason… which I will get to shortly, but the innate value of the U.S. Dollar died decades ago and will never come back. Basically, it is a DEAD MAN WALKING.
However, the market hasn’t figured that out yet, but it will. It is just a matter of time, and time is running out.