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Re: Navyvet004 post# 5035

Monday, 07/21/2014 10:42:44 PM

Monday, July 21, 2014 10:42:44 PM

Post# of 6413
"Starting with England and Germany around WWI, and later in the 1970’s with the US coming off the gold standard gold, gold was removed as the international currency standard to allow for fiat currency and for governments to print money as needed.
Gold has transitioned from the oldest currency to a currency backer to a banned currency to an investment that has outperformed many others over the last five years: In 2006 the demand for Total bar and coin investments was 438 Tonnes ($5.7 Billion), by 2010 the demand increased to 1149 Tonnes ($45.3 Billion).
While the surge in demand for physical gold can be attributed to many factors, we feel that it is resurfacing as an international currency of choice. Our market niche is to provide the mechanism for increasing the supply of gold bars and coins and allow them to be freely traded, collateralized, and dispensed on demand by the common man from our gold terminals."

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"Davies said although the capital of the New Development Bank and the Contingency Reserve Arrangement had been set at $50 billion and $100 billion respectively, this did not mean that this capital would necessarily be held in US dollars.

“We want to move away from the same old, same old way of doing things. What currencies the capital will be held in is something that will be part of the Sherpa process with the pace set by Brazil, but we expect substantive progress by the time of the next BRICS summit in Russia in June 2015,” he said.

"Meanwhile, South Africa is expanding its trade ties with its BRIC (Brazil, Russia, India, China) partners and bi-lateral trade jumped to 381 billion rand in 2013 from 297 billion rand in 2012, accounting for a fifth of total foreign trade in 2013, the detailed country trade data released by the South African Revenue Service (SARS) showed."
http://thebricspost.com/brics-bank-capital-might-not-be-held-in-us-dollars/#.U83NANq9KK1

I pulled the first piece from the PMX Gold website. There are BIG changes coming to the economic landscape and this is why I hedge my bet on the MJ market. The bullion markets will become a "Members Only" club once the paper derivatives find their true vale.

Just trying to keep this in perspective navy but there's not enough to go around ;)

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