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David's avatar

Question: Do we actually have the gold? Answer: Yes.

"Gold is money. Everything else is credit." JP Morgan.

The BRICS countries account for 40% of the world's trade. Not coincidentally, these are also the countries that have very large gold reserves. That is, REAL reserves.

What happens if we see a revaluation of ALL currencies against Gold? (Which, incidentally, would bring gold to about $10k/oz, which - interestingly enough - is where gold really should be.)

"GOLD SHALL DESTROY FED."

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Joe Lange's avatar

Great analysis of some “Hot” topics! Love your take on things friend

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