InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,116.17
(
0.32%
)
US TECH 100
17,310.00
(
0.00%
)
Dow Jones
38,386.09
(
0.38%
)
Brent Oil
87.30
(
0.01%
)
Bitcoin
63,129.04
(
-1.11%
)
Post# of 29692
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Mr. Bill

Send PM Follow Ignore
Followers 167
Posts 20654
Boards Moderated 1
Alias Born 08/09/2000

Mr. Bill

Member Level

Re: None

Thursday, 07/09/2015 5:07:57 PM

Thursday, July 09, 2015 5:07:57 PM

Post# of 29692
Very interesting in terms of "Amount of currency" a country can have out compared to value...

http://schiffgold.com/key-gold-news/china-is-laying-the-groundwork-for-a-gold-standard-right-now-video/

“[China] wants to make the yuan international. The issue they have is they’ve issued a lot of yuan. If you were to just put it on a dollars-to-dollars basis how much money China has put out there, they have more money in the world than the US and Europe combined. The reason this doesn’t cause a lot of inflation is because the yuan isn’t internationalized. You can’t freely trade it, so they’ve been able to keep a lid on the value of the yuan. The question is if they are going to go and make this international, how do they back that currency so it doesn’t collapse? That leads us to at least consider: could they go on a gold standard?

When my time on earth is gone, and my activities here are passed, I want they bury me upside down, and my critics can kiss my ass!
Robert Montgomery Knight - The General

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up