RE: RE: Looking Forward to NYSEYes, Everyone Enjoy this weekend. We'll all be together Monday morning, Special Thanks to SANDSTORM GOLD Mgnt Team...from ALL of us
PS
...and guys that news clip about the CME being able to use gold now as collateral...that's just the West version. I think it more like Must. You might want to research about the countries that will no longer use our Paper, and I believe that would include the UK & Euro too. While they use BRIC I'll use BRICets, because we're really talking about many more nations. So, according to the clip, something like 10 ozs of gold "could" [maybe must, depending on who the counterparty is] be used to Cover/Insure about $100,000 of an investment...we can do the Math, but its gotta be kept quiet
[[[ right now, instead of dumping the dollar, as many articles state, its being "used" to be able to Buy Gold, Silver, any Commodity, at about 1/5 of the Value they place upon it. China had a good reason to reiterate to their People to Buy Gold & Silver. ]]]
www.youtube.com/watch?v=y73XT-5dJuI
Mar 30, 2012 – BRICS(Brazil,Russia,India,China,South Africa) move to create their own world bank,based ... This will end the dominance of the US Dollar/British Pound backed World Bank signalling ... FAIR USE NOTICE: This video may contain copyrighted material. ...USA dollar NO LONGER world reserve currency!by
www.zerohedge.com/.../brics-bank-rival-world-bank-and-imf-and-ch...
Apr 2, 2012 – Friday's AM fix was USD 1655.75, EUR 1245.86 and GBP 1041.22 per ounce. ... The leaders of BRIC nations and other emerging market nations have
www.shtfplan.com/.../how-the-u-s-dollar-will-be-replaced_05172012
May 17, 2012 – China and the BRIC nations today openly call for a worldwide shift ..... refinery in China, and NOT use the US dollar
https://www.reuters.com/article/2012/05/16/us-usa-fed-idUSBRE84F12320120516
The question then arises; why do foreign countries continue to buy in on the greenback?
The Dollar Dump Has Already Begun
One of my favorite arguments by those defending the dollar is the assertion that no foreign country would dare to dump the currency because they are all too dependent on U.S. trade. To answer the question above, the reality is that foreign countries ARE already calmly and quietly dumping the dollar as a global trade instrument.