indigenous vote, against it being in service, the gold part of THO's company
will do great if China's new gold standard takes effect late 2017 and onwards.
ie
How China's new gold standard will work if happens late 2017
https://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=325 "By 1970, it was evident to those running the US that it would very soon be
necessary to import large quantities of oil from Saudi Arabia. Under the Bretton
Woods Agreements of 1945, the immense quantities of Dollars which would
shortly flow to Saudi Arabia in payment of their oil would be claims upon US gold,
at the time quoted at $35 Dollars an ounce. Those claims would surely deplete
the remaining gold held by the US Treasury in short order. It thus became
imperative to cut the nexus between gold and the Dollar. Accordingly, on August
15, 1971, the US did just that: the US went "off gold" and continued to pay Dollars
for Saudi oil. Kissinger convinced the Saudi that they should deposit their Dollars
in the US banking system and hold Dollar Bonds.
The alternative, to continue under the Bretton Woods monetary system, would
have meant that the US would have been forced to raise the price of gold to an
enormous figure, in order to reduce the amount of gold payable to the Saudi, to
a tolerable level. But raising the Dollar price of gold in that manner, would have
constituted a great devaluation of the Dollar and collapsed its international prestige;
that in turn, would have ended the predominance of the US as the Number One
power in the world. The US was not willing to accept that outcome. So, Nixon
"closed the gold window" on August 15, 1971.
The Chinese measure, which we have outlined above, will go contrary to the
American decision of 1971. It is going to raise, and keep raising the price of gold,
through its "oil - for Yuan - for gold" scheme, if and when it is launched as
programmed later this year. (me- devaluing all currencies greatly)"