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REDDIT
Gold officially crosses above $4,000/oz for the first time in history. Gold is now worth ~$27 TRILLION.
In history when gold prices more than doubled in the reserve currency of the time, as they did in the past year: it's rare and almost always a sign of a profound loss of confidence in the existing monetary and political order, going all the way back to the Roman empire (the so-called "Crisis of the Third Century").
And it often marked the transition from one era of power to the next: the fall of Rome, Spain's decline from world power, the French Revolution and Terror, the end of Bretton Woods, etc.
We're witnessing what may be one of the great pivotal moments in financial history yet it's being barely discussed.