Loading ...Europe Is Finalizing Preparations for a Gold Standard
Countries outside the eurozone but inside the European Union, i.e., those that one day might join the eurozone—like Poland, Hungary, and the Czech Republic, are positioning for a new gold standard. To prepare for a monetary system based on gold, they are buying gold to equalize their reserves to the eurozone average.
As the United States, issuer of the world reserve currency, has arrived at a critical phase in its debt spiral and as geopolitical tensions keep mounting, it’s of paramount importance we evaluate what gold’s role will be in the international monetary system moving forward.
NOTE: The odd zone out………….
“speculative estimate” for China
LOL
when was Ft Knox last audited?
China estimate (past weekend) was 50,000 Tons — 25K held by various government organizations and 25K owned directly by citizens.
I believe Simon Hunt quoted the source of data in the video posted yesterday.
Gold will be the transition from paper to the next currency whatever that will be.
Are we close?
Holding physical worth one year’s spending requirement is not a bad idea.
One may discover it may not be that much once you cut out all the unnecessary items when the SHTF.