Market envionment changes with time. What was applicable then may not apply today.
Prior to 1971 gold was center of all money. There after came many derivatives and globalization with CDO and CDS having effect on credit condition of global markets.
Last time any leader specially US president utter word “Gold”: was Nixon.
In the world of CDO and CDS gold has been made irrelevent and reduced to a simple commodity.
Donald Trump: “We used to have a very, very solid country because it was based on a gold standard,” he told WMUR television in New Hampshire in March last year. But he said it would be tough to bring it back because “we don’t have the gold. Other places have the gold.”
Trump’s comment to GQ: “Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money.”
An Island of Optimism in a Sea of despair .
Market envionment changes with time. What was applicable then may not apply today.
Prior to 1971 gold was center of all money. There after came many derivatives and globalization with CDO and CDS having effect on credit condition of global markets.
Last time any leader specially US president utter word “Gold”: was Nixon.
In the world of CDO and CDS gold has been made irrelevent and reduced to a simple commodity.
Bikoo…have you given up on the Rocks ?
No00h!!! I am loaded w/rocks and dry holes//lol.
i JUST MAILED NICE TO CHART TO sPOCK. SOON IT WILL BE HERE.
Donald Trump: “We used to have a very, very solid country because it was based on a gold standard,” he told WMUR television in New Hampshire in March last year. But he said it would be tough to bring it back because “we don’t have the gold. Other places have the gold.”
Trump’s comment to GQ: “Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money.”
they got the gold,it’s in the ground. Many countries do not have this luxury. Similar to oil, you gots=you good.