Gold Is the Most Stable Currency
Gesara.news » News » Gold Is the Most Stable CurrencyNews Date: September 3, 2020
If gold didn't retain its purchasing power, why would long-term investors and central banks store it in their vaults for decades? Hardly is gold used for industrial applications, so, again, why hold large stocks of gold if it would lose its value over time? The truth is that gold retains its value, and the stability of gold's purchasing power in the long-term is the main reason to own it.
There have been efforts by numerous countries (led by China and Russia) to dethrone the US Dollar as the world's reserve currency. China has been reducing its exposure to the Dollar for a long time, and both China, as well as Russia, have been stocking up on gold in recent times.
Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after the 656 tons added in 2018. Before the 2007-09 financial crisis, central banks were net sellers of gold worldwide for decades. Leading the recent spree has been China, Russia, Turkey, Kazakhstan and Uzbekistan.
China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured.
Sources: www.fxstreet.com, uk.news.yahoo.com, seekingalpha.com
Secretary DeVos announced that she has fully implemented Mr. Trump's directive.
The "Gold Treaty" of 2013 deals with the global currency reset. The treaty and the move back to sound asset backed money effects every citizen of this nation and all nations around the world. We the people would like a response to the contents of the referenced documents. With solid details as to the progress and stance of the current administration towards the implementation of sound money and the control of the criminal central banking institutions.
President Trump accomplished the final requirement of the 209 nation Gold Treaty and GESARA when he oversaw Israel, UAE and Bahrain signing the Abraham Accords Peace Agreement on Tuesday 15 Sept.
Sources:www.rt.com, petitions.whitehouse.gov, gesara.news
- We are looking at also considering a capital gains tax cut, which would create a lot more jobs, said Trump Monday during a White House news conference.
Sources:newsbreak.com, foxnews.com, nichegamer.com, youtube.com