Gold Reminds Governments That They're Still Not In Control

  "Snyder/Real Clear Markets--"The Great Depression was a serious crisis no government let go to waste. Removing gold from the public's hands, and relegating it to gold exchange in their hands, the process was set in motion. John Maynard Keynes had won the argument in the official realm; there would be governments through central banks who would control money - but only when they reasoned it was perfectly necessary. The market would be the market with the enlightened few over top to watch over everything. Elasticity at last. What neither Keynes nor his followers had anticipated was what the freedom would do in the private realm. In fact, Bretton Woods was carefully constructed so as to assure the world that gold exchange still functioned as an effective check on government irresponsibility....A dollar which used to mean ownership over a quantity of gold in American hands would come to mean nothing more than a stripped-down unit of account without any borders....As interest rates around the world collapse to new lows and new negative lows, the price of gold has skyrocketed...In that way, it may be the gold market which is having the last laugh. Keynes as others wanted to demonetize gold so as to give the government exclusive authority over money. But what gold is showing us today in 2019 is that they aren't anywhere near being in control."