gold, page-132516

Hi Slange and All,

One day I dare say China will announce to the world just how much Gold they are really holding. Probably around the time of the next great reset we keep hearing of.

There is some controversy about the Gold held in fort Knox apparently a lot of the gold there was confiscated from American citizens under FDR’s executive order 6102 back in 1933.

The current occupant of the White house is also fond of both tariffs and executive orders.

I can’t help feeling that once total confidence is lost in paper money a return to some kind of Gold backed currency will be required. Something I firmly believe China and other BRIC’s nations are well aware of.

Mr. Trump is making a great deal of noise about the USA being unfairly treated by its trading partners including former friends and allies. Some of these allies were regarded as so friendly the USA signed Free Trade Agreements with them! The USA accuses some countries of manipulating their currencies lower for trade advantage. These days these FTA's are worth about the same as some of the original US treaties signed with the American Indian First Nation’s people.

Older American often us a phrase; “Indian giver.”

A snippet for the history buffs.

“Whattreaties that the whites have kept, that the red man broken? Not one. What treaties that the white man gave to usthey kept? Not one.” ― Sitting Bull

ttps://www.goodreads.com/author/quotes/5712889.Sitting_Bull

Devaluing currency is something Americans should be cognisant of as 1933 is not all that far back in history in relative terms.

Shortlyafter, the government devalued the dollar by 41%, raising the price of goldfrom $20.67 to $35 per ounce—an outright theft of wealth from the public.

The officialjustification? To “reset” the economy and jumpstart growth amid the GreatDepression—but in reality, it was one of the largest wealth transfers inAmerican history.

TheFort Knox Deception: America’s Greatest Gold Mystery | The Daily Bell

The wealth transfer we have been seeing over recent years as the middle classes in many countries are decimated is probably up there with the class act of 1933.

With so much uncertainty in the world today I strongly feel that not holding any physical Gold and Silver a bloke would be imprudent indeed!

Cheers.