Asia Broadband Inc (AABB)

[alidare]

“It would take a gold price of $8,800 per ounce to back all the outstanding US currency with gold.

That is about 5 times today’s gold price.

But we’re only getting started. Gold would have to be about $32,000 if all the money the Fed has created were backed by gold.

That is almost 18 times today’s gold price.”

“Today’s global currency and monetary situation are more precarious than ever. The article says, “Record gold purchases by central banks are a red flag regarding the stability of our current monetary system. When central banks embrace gold, it is an indicator that they are losing trust in the current system.”

Today none of the world’s currencies are backed by gold – or anything else. That is why it is best not to rely on any of them and to back your own wealth with gold of your own.”

https://rmegold.com/blog/if-the-dollar-was-backed-by-gold/amp/