Gold & The Frightening Picture Of Our Financial Abyss
January 3, 2013
Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, has two absolutely fascinating charts of gold and the monetary base, which clearly illustrates how dramatically undervalued gold is relative to the massive fiat money base.
Below is Fitzwilson’s exclusive piece for KWN:
“Potential energy is a scientific term that relates to real world phenomena, many of which we encounter in our daily lives. Gravity is a prime example. If you elevate a bowling ball to the top of the table, you have performed work. If the bowling ball were to fall to the ground, the impact it might make is one measure of the potential energy transferred to it through your efforts.
Potential energy is also relative. From the table perspective, there is simply a ball sitting on it. There is no potential energy relative to the table, only to the floor. When stopping to ponder this, it made me think about the price of gold relative to the massive increase in the monetary base….