Global recession - where did all the money go?

Interesting comments.

Have read you book Greg and enjoyed it and what you say is true re secular monetary debasement through seniorage - and also helicopter drops of trillions of dollars in an unprecedented monetary experiment.

Gold looks likely to make new record highs in the Yen, Yuan and US dollar in the near future and then surge to far higher levels or to put it correctly these currencies look set to collapse vis a vis gold.

Been discussing these themes for years in The Metal Monitor, and in my book Gold Trading Boot Camp, published in 2006 by Wiley and Sons ... a secular monetary debasement via seniorage, one that has gripped the global economy to the point where export revenues are COLLAPSING, driving nearly EVERY PAPER CURRENCY on the planet, save the Yen, USD, and Yuan, to a NEW HISTORIC LOW relative to Gold.

Well yes and no. Given the problems with currecies worldwide and the round of competitive 'beggar-thy-neighbor' devaluations the danger of serious systemic risk in the global economic system means that the possibility (though far off) of a reintroduction of a gold standard is there. What would happen then is pure speculation. After all:

"Roosevelt gave Executive Order 6102 which made all privately held gold of American citizens property of the US Treasury. This gold confiscation by executive order was argued to be unconstitutional, but Roosevelt's executive order asserts authority to do so based on the "War Time Powers Act" of 1917. Gold bullion remained illegal for Americans to own until President Ford rescinded the order in 1974."

Very good explanation. Seems judging by what they say the reintroduction of the gold standard is a possibility. Surely if they did that the price of gold would rocket?