Might As Well – Be Now
The global financial system, based on failing fiat currencies, is on it’s last legs. The accelerated buying of Gold by central banks over the last decade, confirms that. It is pretty much a sure thing, that the US can’t continue to finance it’s deficit spending much longer and China is in a very similar situation(although they do have more gold,unofficially) The only way to either kick the can and or fix the broken system, is to have a massive revaluation in the official world gold price and go back on a gold standard of some sort. The only two questions are, when do they roll it out and at what price do they set gold at? I don’t have a number for the price, but it needs to be significant to cover much of the US debt. As far as the timing, why not this weekend after Trump and Xi meet, to make it official?
CM — India has been one of the worlds largest importers of gold for decades — any thoughts on https://goldtadise.com/?p=697734 ??
Believe it is exactly what Modi said it was regarding preserving fx temporarily. Unless he is anticipating a revaluation and he doesn’t want his citizens paying much higher prices afterwards because that would really affect fx reserves?