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Re: The Gold Standard 

By: Decomposed in 6TH POPE | Recommend this post (1)
Mon, 21 Aug 23 5:42 AM | 32 view(s)
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Msg. 45162 of 58582
(This msg. is a reply to 45157 by Zimbler0)

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Zimbler0:

Re: “Or will 'somebody' actually make a 'gold based currency' that will work?”
The United States had a gold based currency for a century and it prospered.








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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: The Gold Standard
By: Zimbler0
in 6TH POPE
Sun, 20 Aug 23 11:53 PM
Msg. 45157 of 58582

Decomposed > I gotta figure that if the Ukraine war ever ends, Russia is going to pose the same threat.


I believe I've said this before . . .
China is the biggest threat. And I'm certain that they'd love to see the Yuan become the worlds 'reserve currency'.

Russia? Other than trying to force folks to buy their oil with rubles . . . I just don't see Russia having a big enough economy or being trustworthy enough to become the worlds reserve currency.

Now we have biden doing everything in his power to reduce these United States to a third world dictatorship. I can see the U.S. losing its status as the worlds reserve currency for that reason alone.

Will the world trust China enough to crown the Yuan as the reserve currency?

Or perhaps the Euro might get the nod?

Or will 'somebody' actually make a 'gold based currency' that will work?

Zim.


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