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29 March BIS returns to the GOLD STANDARD
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 1556117:MV8zOTk0MTIxXzcyMjg0MDMyX0RBNUMzMDU=] [quote:Anonymous Coward 76760905:MV8zOTk0MTIxXzcyMjc2OTIwX0REMzhGN0JE] It's not really a gold standard, they are just re-scheduling gold so that it can be held as a tier 1 asset like US treasury bonds. A gold standard would be like where all your currency has backing or partial backing by gold bullion. [/quote] Wrong ,it is a defacto gold standard , anytime you mix gold as settlement vs anything law of good chasing out bad form of money will have the gold rise in value as the preferred settlement . Gold standard . [/quote]
Original Message
Before I go to sleep. I thought you might want to hear about some breaking news from the BIS. They plan to Resurrect the Gold Standard on 3/29/2019
A reminder of which few still seem to know, despite the appointment is now a matter of a few weeks: those that are missing March 29, 2019. The day of judgment for the Brexit will also be the advent for the gold market.
From 29 March, by decision of the BIS, the gold in the portfolio of commercial and business banks becomes "Cash Equivalent", an asset equivalent to cash and therefore "risk free". In fact, it is the first "reassuring of gold" since the time of the Bretton Woods agreement: technicians call it "Gold Remonetization", a process that is the reverse of the "demonetization" of gold decided by Nixon.
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link to www.dinarrecaps.com (secure)
]
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