audit the fed bill meant to expose gold manip., page-4

  1. 8,506 Posts.

    "Gold is either tied to the dollar or it isn't."

    the only tie in is that they are competitors

    since the gold standard was done away with, the fed res has had to justify the value of it's ever increasing ammount of paper - hence the very few players with such massive short positions on comex

    we may not do away with fiat currencies altogether, but we may see a different reserve currency sometime down the track - easy credit has been another way of camouflaging it's value

    now, even if the USD was to be truly valued, as many believe, at a lower rate, your gold holdings, being valued at a higher rate, means that your gold will get a lot more of those USD than you can currently get

    the main problem atm, is that many countries are starting to buy gold again, but also have hefty positions in the USD - perhaps a reason for a push for another reserve currency




 
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