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GOLDBRIX

God,Donald Trump,most in GIM2 I Trust. OTHERS-meh
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#1
This is their forecast ( in a nutshell).
"...Today Washington may consider it useful to bring back gold to support the dollar. Some U.S. insiders have even been calling openly for a return to the old way of doing things. Neo-conservative Robert Zoellick, the former president of the World Bank, wrote an open letter to the Financial Times in 2010 entitled “Bring Back the Gold Standard.” ...
Beijing wants to increase its gold reserves in the shortest time possible to at least 8,000 tonnes. This would put China on par, in terms of its gold-to-GDP ratio, with the U.S. and European Union. It would open the way, should the need arise, for a possible joint US-EU-China gold revaluation to support the financial system.
Beijing must realize that the U.S. could surprise the world with a unilateral gold revaluation. Wikileaks revealed a cable, sent in early 2010 to Washington from the U.S. embassy in Beijing, which quoted a Chinese news report about the consequences of such a dollar devaluation: “If we use all of our foreign exchange reserves to buy U.S. Treasury bonds, then when someday the Federal Reserve suddenly announces that the original 10 old dollars are now worth only one new dollar, and the new dollar is pegged to the gold — we will be dumbfounded.”

More Here:
https://www.gold-eagle.com/article/us-eu-and-china-revalue-gold-new-‘de-facto’-gold-standard
 

Cigarlover

Gold Member
Gold Chaser
Sr Site Supporter
Joined
Dec 18, 2011
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#2
This is their forecast ( in a nutshell).
"...Today Washington may consider it useful to bring back gold to support the dollar. Some U.S. insiders have even been calling openly for a return to the old way of doing things. Neo-conservative Robert Zoellick, the former president of the World Bank, wrote an open letter to the Financial Times in 2010 entitled “Bring Back the Gold Standard.” ...
Beijing wants to increase its gold reserves in the shortest time possible to at least 8,000 tonnes. This would put China on par, in terms of its gold-to-GDP ratio, with the U.S. and European Union. It would open the way, should the need arise, for a possible joint US-EU-China gold revaluation to support the financial system.
Beijing must realize that the U.S. could surprise the world with a unilateral gold revaluation. Wikileaks revealed a cable, sent in early 2010 to Washington from the U.S. embassy in Beijing, which quoted a Chinese news report about the consequences of such a dollar devaluation: “If we use all of our foreign exchange reserves to buy U.S. Treasury bonds, then when someday the Federal Reserve suddenly announces that the original 10 old dollars are now worth only one new dollar, and the new dollar is pegged to the gold — we will be dumbfounded.”

More Here:
https://www.gold-eagle.com/article/us-eu-and-china-revalue-gold-new-‘de-facto’-gold-standard
There was another country that used to drop a 0 all the time from their currency. I think it was Argentina or Japan. Never worked that well for them.
 

GOLDBRIX

God,Donald Trump,most in GIM2 I Trust. OTHERS-meh
Sr Site Supporter
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#3
There was another country that used to drop a 0 all the time from their currency. I think it was Argentina or Japan. Never worked that well for them.
Argentina was a healthy country until they decided to fight for an island that the U.K claimed. Lost that war, and socialism raised it's ugly head the country has never recovered.
Last I heard Ex-Pats could live like kings in Argentina. Just do not live in the big cities and become targets.