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29 March BIS returns to the GOLD STANDARD

 
Ostria1
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03/08/2019 05:06 PM

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29 March BIS returns to the GOLD STANDARD
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.


[link to www.dinarrecaps.com (secure)]

shocked

Last Edited by Ostria1 on 03/08/2019 05:09 PM
Ostria
Ostria1  (OP)

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03/08/2019 05:08 PM

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Re: 29 March BIS returns to the GOLD STANDARD
BIS is the Bank for International Settlements, it is called the Central Bank of the Central Banks (of the countries)
Ostria
Anonymous Coward
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03/08/2019 05:20 PM
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Re: 29 March BIS returns to the GOLD STANDARD
bump
Ostria1  (OP)

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03/08/2019 05:45 PM

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Re: 29 March BIS returns to the GOLD STANDARD
this is from Nov 2018

February 2018 marked a major turning point for gold – monetary gold to be more specific – when the Swiss National Pension Fund switched out of synthetic gold derivatives into physical gold. Monetary gold is defined, in the new Basel III banking capital rules, as “physical gold held in their own vaults or in trust.”

The Swiss decision complied with the new banking standards regarding capital adequacy as it relates to solvency and viability. All Systemically Important Financial Institutions (SIFI) must comply with the new rules for Net Stable Funding Ratio (NSF) and Liquidity by January 2019.

Essentially, monetary gold is now considered risk free. This significant development remains relatively unknown – for now.

[link to palisade-research.com (secure)]
Ostria
Anonymous Coward
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03/08/2019 06:00 PM
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Re: 29 March BIS returns to the GOLD STANDARD
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.
Ostria1  (OP)

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03/08/2019 06:06 PM

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Re: 29 March BIS returns to the GOLD STANDARD
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.
 Quoting: Anonymous Coward 76760905


yes its for the banks security but it is a start and if it is a valid rumor and it is done in secrecy, it tells more than that
Ostria
wisconsin

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03/08/2019 06:23 PM

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Re: 29 March BIS returns to the GOLD STANDARD
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.


[link to www.dinarrecaps.com (secure)]

shocked
 Quoting: Ostria1


???
.
Our family celebrations:
[link to www.grafted-promise.net]

Fools and the dead don't change their minds. Fools won't and the dead can't.

When you tear out a man's tongue, you are not proving him a liar. You are only telling the world that you fear what he might say. Quoting: CountryWise

Amos 5:13 - Therefore at such a time the prudent person keeps silent, for it is an evil time.
Ostria1  (OP)

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03/08/2019 06:29 PM

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Re: 29 March BIS returns to the GOLD STANDARD
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.


[link to www.dinarrecaps.com (secure)]

shocked
 Quoting: Ostria1


???
 Quoting: wisconsin


this is why we saw all this re-partiation of the gold back to the countries and huge amounts of gold buys these last years. They all wanted to be ready for this transition, if the rumor is valid.
Ostria
Ostria1  (OP)

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03/08/2019 06:29 PM

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Re: 29 March BIS returns to the GOLD STANDARD
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.


[link to www.dinarrecaps.com (secure)]

shocked
 Quoting: Ostria1


???
 Quoting: wisconsin


this is why we saw all this re-partiation of the gold back to the countries and huge amounts of gold buys these last years. They all wanted to be ready for this transition, if the rumor is valid.
Ostria
beauvoir

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03/08/2019 06:46 PM
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Re: 29 March BIS returns to the GOLD STANDARD
WOW THANK YOU!
5*
beauvoir
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03/08/2019 06:51 PM
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Re: 29 March BIS returns to the GOLD STANDARD
BIS is the Bank for International Settlements, it is called the Central Bank of the Central Banks (of the countries)
 Quoting: Ostria1


aka Group 11 chuckle
WokWook

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03/08/2019 06:53 PM

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Re: 29 March BIS returns to the GOLD STANDARD
So, buy moor metal?
Miss Bunny Swan

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03/08/2019 06:59 PM

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Re: 29 March BIS returns to the GOLD STANDARD
Wowie!!!

gold
Ostria1  (OP)

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03/09/2019 06:54 AM

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Re: 29 March BIS returns to the GOLD STANDARD
So, buy moor metal?
 Quoting: WokWook


If the rumor is true i guess it will start rising, so it could be a good thing to buy more by that date.

Here are some predictions i found, mostly connected with Brexit or not, which is set for the same date

Countdown to Brexit – The outlook for Gold
[link to www.bullionbypost.co.uk (secure)]

5 Important Charts to Watch in March 2019
[link to www.investopedia.com (secure)]
Ostria
Toledo Steel

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03/09/2019 07:10 AM

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Re: 29 March BIS returns to the GOLD STANDARD
This is important.
Sharp and unbreakable
Ostria1  (OP)

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03/09/2019 07:21 AM

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Re: 29 March BIS returns to the GOLD STANDARD
This is important.
 Quoting: Toledo Steel


Yes, and everyone is silent about it... hmm
Ostria
Anonymous Coward
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03/09/2019 07:58 AM
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Re: 29 March BIS returns to the GOLD STANDARD
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.
 Quoting: Anonymous Coward 76760905


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 .
Anonymous Coward
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03/09/2019 08:12 AM
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Re: 29 March BIS returns to the GOLD STANDARD
Also if gold is equivalent to cash for big boys , bet your ass the currency's are toast ... Your products are going to rise in price inflation will rear its ugly head
Ostria1  (OP)

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03/09/2019 08:22 AM

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Re: 29 March BIS returns to the GOLD STANDARD
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.
 Quoting: Anonymous Coward 76760905


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 .
 Quoting: Anonymous Coward 1556117


I thought so. It seems we enter a new economical era.
Ostria
Ostria1  (OP)

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03/09/2019 08:26 AM

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Re: 29 March BIS returns to the GOLD STANDARD
While searching, i run into an interesting article from Bloomberg

Who knows George Frederick Warren?

During the second half of 1933, George F. Warren was the most influential economist in the world. Almost every morning during November and December, he met with Franklin Roosevelt while the president was still in bed, and helped him decide the price at which the government would buy gold during the next 24 hours.
...

The fact that today almost no one recognizes George F. Warren’s name, let alone knows about his theories, illustrates how strange that period was.

[link to www.bloomberg.com (secure)]
Ostria
Anonymous Coward
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03/09/2019 08:30 AM
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Re: 29 March BIS returns to the GOLD STANDARD
Also if gold is equivalent to cash for big boys , bet your ass the currency's are toast ... Your products are going to rise in price inflation will rear its ugly head
 Quoting: Anonymous Coward 1556117


Unfortunately, this is probably not the end of fiat currencies, but it could hurt them, on the international markets. It is going to be a big problem for the "paper gold" markets. Nobody is going to want to be holding paper gold when real gold is being used for international transactions.
Anonymous Coward
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03/09/2019 08:34 AM
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Re: 29 March BIS returns to the GOLD STANDARD
This would turn gold mining company into little central banks . ..think long and hard about that . They will be producing money .
Anonymous Coward
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03/09/2019 08:36 AM
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Re: 29 March BIS returns to the GOLD STANDARD
Pumps are being primed , first rhodium $500-$3000 in 3 years ,palladium $800-$1500 in 4 years ...just go look at charts ....gold silver next !
Ostria1  (OP)

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03/09/2019 08:37 AM

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Re: 29 March BIS returns to the GOLD STANDARD
Also if gold is equivalent to cash for big boys , bet your ass the currency's are toast ... Your products are going to rise in price inflation will rear its ugly head
 Quoting: Anonymous Coward 1556117


Unfortunately, this is probably not the end of fiat currencies, but it could hurt them, on the international markets. It is going to be a big problem for the "paper gold" markets. Nobody is going to want to be holding paper gold when real gold is being used for international transactions.
 Quoting: Anonymous Coward 77425465


"While the central banks raided "real" gold bars behind the scenes, they pushed and coordinated the offer of hundreds of tons of "synthetic gold" on the London and New York price lists, where 90% of the trading on metals takes place. precious: the excess supply of gold derivatives obviously served to knock down the price, forcing investors to liquidate positions to limit the large losses accumulated on futures. Thus, the more futures prices fell, the more investors sold "synthetic gold", triggering bearish spirals exploited by central banks to buy physical gold at ever lower prices."
Ostria
Anonymous Coward
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03/09/2019 08:38 AM
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Re: 29 March BIS returns to the GOLD STANDARD
This is what Jim Rickards has been saying all along .
Ostria1  (OP)

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03/09/2019 08:45 AM

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Re: 29 March BIS returns to the GOLD STANDARD
Talking about "influential economists", here is another one
and what he said about Gold

"Gold has worked down from Alexander's time... When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory."

Bernard Baruch was the economic advisor for 2 US presidents (Presidents Woodrow Wilson and Franklin D. Roosevelt) during both World Wars.
Ostria
Anonymous Coward
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03/09/2019 09:06 AM
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Re: 29 March BIS returns to the GOLD STANDARD
When there are no assets left to rise ..we have hit rock bottom deflation ..gold is the barometer and they will need it to rise to settle anything !!! There has to be a profit somewhere .
Anonymous Coward
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03/09/2019 09:06 AM
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Re: 29 March BIS returns to the GOLD STANDARD
When there are no assets left to rise ..we have hit rock bottom deflation ..gold is the barometer and they will need it to rise to settle anything !!! There has to be a profit somewhere .
 Quoting: Anonymous Coward 1556117


And to add to it ..99℅ of sheep own no gold
Anonymous Coward
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03/09/2019 09:59 AM
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Re: 29 March BIS returns to the GOLD STANDARD
what percentage of public owns pure gold ? .. most of them sold it off in 2011 to we buy gold shops in their jewelry form . public only holds debt . they can now do the re set many have capitulated also .
MissCleo

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03/09/2019 12:02 PM

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Re: 29 March BIS returns to the GOLD STANDARD
Countries with highest gold reserves
1. US
2. Germany
3. Italy
4. France
5. Russia
6. China
7. Switzerland
8. Japan
9. Netherlands
10. India

And Islam is currently, desperately collecting as much as they can, even through force.
Anonymous Coward
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03/09/2019 12:15 PM
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Re: 29 March BIS returns to the GOLD STANDARD
there will be settlement amongst the elite central banks in gold . we the people will be stuck with hyper inflated paper . unless we have positioned ourselves prior to the move