Gold Is Going To Be The New Global Currency
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News Date: August 24, 2021
America not only has record debts but the Fed keeps creating dollars as the tsunami of money cheapens the worlds leading currency.
A man who is connected in China at the highest levels said gold is going to be the new global currency.
Central banks bought 90 tonnes this spring and data player Palantir Technologies bought $50 million in gold bars in August.
US taxpayers and investors require their attractive insurance policy against rampant government spending and currency depreciation.
Gold is such an asset since it has no counterparty risk. It will become more valuable as more money is issued to finance government spending.
Sources: financebrokerage.com, kingworldnews.com
Taiwan's Currency Backed by Gold Reserves: Central Bank
A central bank official announced on Friday that Taiwan holds around 422 tonnes of gold in reserve, managed by the Central Bank of the Republic of China (Taiwan) to support the national currency.Of this, 410 tonnes are dedicated to backing the issuance of New Taiwan dollars, while a smaller portion is used every four years to mint commemorative coins for the inauguration of the president and vice president.
As of the first quarter of 2024, Taiwan ranks 12th globally in gold reserves.
Despite a significant increase in gold's value since its purchase in the 1970s, the central bank is not buying or selling its reserves.
Taiwan's unrealized gain from these reserves is nearly NT$900 billion due to gold's appreciation.
Judy Shelton is Right About the Gold Standard
Economist Peter Schiff expected that gold will resume its role in the global monetary system, that is, the countries of the world will return to the gold standard, and this is not strange in light of the economic crisis the world is witnessing.It is simply false to claim that the gold standard was a source of perpetual economic chaos, and that we are better off today without it. All things considered, the gold standard is "superior in some respects and no worse in others." Rather than a "barbarous relic," as John Maynard Keynes famously called it, the gold standard is an instrument for economic harmony and civilized commercial relations.
Source:www.saudi24news.com, www.aier.org
Gold To Return As Reserve Currency
The global monetary system as you know it is already falling out from beneath your feet.Smart investors should already be pouring money back into silver and gold before global monetary system collapse.
But now, experts like Peter Schiff, chief executive officer of Euro Pacific Capital, are betting on gold to topple the dollarâs long reign and establish itself as the new de facto reserve currency.
Source: www.kitco.com
Astrological Timeline for NESARA Victory
Two possible scenarios for action by Trump Team to Salvage the Republic, yes the alternative is unthinkable but should be factored in. Probable lowest point in presidency next 2 weeks followed by transition to Greatness - Dec 30th and onwards.The key question on the mind of everyone is who will be sworn into office as the next President of the United States. Will it be former Vice President Biden or President Donald Trump? Based on Vedic Astrology based Prashna Analysis, the short answer is that it will be President Donald J Trump!
Must see videos: www.youtube.com, www.youtube.com
BRICS, EAEU & SCO alliance
The second Eurasian Economic Forum, which will be held in Moscow on May 24 - 25, will feature discussions on the integration of BRICS, EAEU & SCO blocks."The expansion of mutually beneficial cooperation between integration formats not only contributes to the growth of national economies but can also have a significant impact on the formation of new approaches to the functioning of the global market,", Mikhail Myasnikovich, the chairman of the board of the Eurasian Economic Commission, explained on their official website.


