The price of gold officially crossed $4,000 per ounce for the first time in history, and the total value of world gold has now reached about $27 trillion.
Analysts see this dramatic increase as a sign of deep distrust in the current monetary and political system, comparing it to historical events such as the crisis of the third century of the Roman Empire, the decline of Spain, the French Revolution, and the end of the Bretton Woods system.
Such jumps in the price of gold, they say, are often not only a sign of major historical changes but also a factor in political upheaval because they transfer real wealth from the poor to the wealthy elite who protect themselves with gold.
What is notable is the relative silence of the media regarding this event, which could be one of the pivotal moments in global financial history.
