RE:POG going Up Russia/c China threaten gold backed Currency...China and Russia have been accumulating gold for the past decade, knowing that the non gold backed USD was on its last legs.
Printing paper gold by the UK and US banks have kept POG under control for decades.
On June 28/21, if this threat is carried out, POG could easily increase by a factor of 10 or more.
t has been the operations with “unallocated gold” i.e. “mythical gold” which have allowed the most important banks of Britain and the US to control and suppress a market price for gold.
Under the new rules which are to be presented in full on June 28 of this year, the price of gold will no longer be subject to manipulation on the part of the US and the UK, because the most important banks of these countries will no longer be able to count on “unallocated” – i.e. non-existent gold – for their collusion regarding price control of the metal.