I greatly respect your opinions and your contributions here, but I am very surprised that you are giving this idea anything more than the scorn in deserves.
The US simply can not set the price of gold.
They have 200 trillion in debt and, assuming, very generously, that they actually have the 261 million ounces they claim ...
They would need to declare that the debt is backed at 766,284 USD per ounce.
This implies that they would be required, in order to support that pricing, to pay 766,284 USD the bearer of any ounce of gold delivered to them.
The purchasing power of the USD would drop to 3,200/766,284 which is less than half of one US cent, losing 99.6% of its value immediately.
This math demonstrates the scale of the problem, and presumably underscores why we all own NST shares, but the Shelton nonsense offers no solution, ...
There is no solution which does not involve the complete destruction of the USD and the establishment of a new currency system.
NST Price at posting:
$20.98 Sentiment: Buy Disclosure: Held
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