Because they know 'stackin' gold bars is a pointless exercise,...

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18/02/20

15:13

Post #: 42999259
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Originally posted by Dentie: ↑

I've got no idea. Most countries don't have any at all, not one ounce of the stuff.

That will prove to be to their great detriment. And yes - NZ is one of those countries. Our current Socialist Govt...looking to be re-elected has just borrowed another $12 billion...for roads. (This is on top of all the other billions they have wasted. In my view, they would have been better to buy gold with it.)

Let me freshen your mind a bit Skol ... don't forget Basel lll makes gold a Tier 1 asset again. What does that mean? It means the banks can use gold again as part of their "reserves" and it is equal to 100% cash. Bottom of the financial pyramid....top of the feeding chain!!

Why would they have included gold in Basel lll (as 100% equal to cash ... ie - best liquidity)? Please give me your thoughts on that question Skol.

The likes of Canada (remember, they sold all of their gold at the bottom - just like Gordon Brown did) will say - that's okay - we have the likes of Government Bonds as our reserves.

It staggers me ... it really staggers me. The thing is, you don't need to be university educated to work this stuff out. Why do we trust these people?

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Because they know 'stackin' gold bars is a pointless exercise, the same as the USA, they haven't done anything with their 'stack' since about 1933.

It does have a dividend though, it's a tourist attraction in New York, you can go and see it and wonder why people would 'stack' the stuff.

The latest group of sovereign 'stackers' are economic basket cases, like Turkey, Kazakhstan, Russia and Poland.
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