Godlike Productions - Discussion Forum
Users Online Now: 2,088 (Who's On?)Visitors Today: 1,166,072
Pageviews Today: 1,951,324Threads Today: 785Posts Today: 13,454
07:45 PM


Back to Forum
Back to Forum
Back to Thread
Back to Thread
REPORT ABUSIVE REPLY
Message Subject 29 March BIS returns to the GOLD STANDARD
Poster Handle Ostria1
Post Content
Investors and the rich are always looking for places to park their wealth, they try to beat inflation which slowly erodes that wealth. They look for investments which offer a greater return than cash, basically.

Government bonds don't have the same appeal as stocks do, for various reasons, mostly because they are not as fungible (not as easy to trade) and they don't have the profit margin that stocks can have when they boom.

The problem with precious metals (gold, etc.) is that there's really not enough to go around to account for the huge increase in other forms of wealth.

What we need to do is move away from the fiat USD king (bonds), away from Wall Street (stocks) and back towards MULTIPLE forms of real-world precious-metal like lithium, uranium, etc. (rare earths) and also things like pure fresh water.

Drinking water is a good example. It's going to become more precious and by backing a currency with resources like fresh water we can set an example.
 Quoting: Anonymous Coward 77463357


China is working on it. Why do you think they almost possess Africa now. See lithium (cell phone batteries etc), most of it comes from Congo. And not only mining but buying vast farmland for products to import in China and export around the world. Those who follow all these, know there is a big change coming as wealth changes hands. China and India are the next big players.
 
Please verify you're human:




Reason for reporting:







GLP