Spanish Mountain Gold Ltd V.SPA

Chinese e-currency

[DouglasFir2]

The Chinese are backing an e-based Yuan[ ie backed by the full faith of China.]. It is trying to muscle out the private offerers of e-currency in China. The theory goes that the Chinese government will then be able to increase its control and surveilance of commerce. Interestingly the Chinese are not interested in crypto as a currency as not offering survellance potential.

As to where that leads the POG?  The e-yuan would be gold backed. But internationally there may not be pick up due to the survellance potential by the Chinese gov. As the US $ falls in value and the 10 year curve steepens we should see a fire sale in growth equities, and a rotation to value stocks, so a big drop on the S&P 500. As Don Durrett says the POG will be hit short term. Maybe we are seeing the first signs of it. ?

[Heywood_Silvers]

Speaking of currency and gold.  We all know the Federal Reserve Note (i. e. "dollar") is definitely in the continued and agonizingly slow process of deteriorating into its true intrinsic value, which is nothing.  When are we going to get back to real dollars that are gold backed? In my opinion, the best catalyst for the precious metals will be the downfall of the private

[silverfreakynew]

Maybe, Should, Would, It's possible,And tomorrow i say vice verca...