Gold is becoming less and less important in the modern economy

Question: In the US gold has not been audited since 1954 in Fort Knox, are we to assume it is gone? Why are China and Russia buying so much gold? 

Answer from the Ascended Master Saint Germain through Kim Michaels. This answer was given at a conference in Albuquerque (USA) in 2018.

It is not all gone, although some of it is gone. The reality is that gold is becoming less and less important in the modern economy. China and Russia are buying gold because they are still thinking that this can be a protection against some kind of downturn in the economy. They are hoping and there are forces especially in China but also in Russia who are working towards another financial collapse. They are hoping that they can “so to speak” defeat the west by having this massive financial collapse and then they can protect themselves or they can come out on top by having this accumulation of gold. I am not saying that this is a realistic assessment on their parts but that is how they are thinking. It is of course possible as I have said before that there can be a collapse. If people will not learn the lessons from 2008 then they will have to receive an even harder knock in the future so they can come to learn the lessons and get back to a sustainable economy. Nevertheless I do not – I am not thereby saying that the thinking of China and Russia is correct or is entirely rational or that what they are hoping for will come to pass. 

Question: I know that Saint Germain said that gold wouldn't work as a monetary system in today’s age. He also said the elite own most of the gold. Do these two statements apply to silver as well? 

Answer from the Ascended Master Saint Germain through Kim Michaels. This answer was given at a conference in Albuquerque (USA) in 2018.

Not entirely, although to some degree because silver has more industrial uses than gold and therefore it is not accumulated to the same degree. Also because it has less value it is not accumulated to the same degree by the elite. 

 

Copyright © 2018 Kim Michaels

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