Loading ...I have no idea how much gold any country has stored for a rainy day. At todays low prices of $1200 per ounce it won’t do them any good. Gold won’t buy them much in an emergency, no matter how much gold they have.
Even if the have a LOT of. For any gov’t to BENEFIT, or fight a war, and need their Gold stores, they NEED much higher prices. Their main problem is $1200 in Federal Reserve Notes don’t buy much after selling their gold.
My original thoughts from the Summer ’08 financial Crash, was China and most all countries that sponge off the USA would flounder because of Americans spending less. I also figured Real Estate (and other things) used as “money” or “savings” by the common masses was ending gradually, and use of Gold as money and savings would grow gradually.
I also figured that the global leaders would start focusing on helping the US consumer for a change, like an investment, for their own best interest. They KNOW they would NEED us later.
“Later” might turn out to be late June 2014 when they ran all the sponge countries currencies far far lower in a 6 month period, inverse higher dollar.
My opinions and views are NOT learned from any other people, Sinclair, Peter Shiff, Armstrong, web sights, newspapers, other authors etc. I make them up myself after observing the situation unfold, reading between the lines, and thinking outside the box for decades.
Its all entertainment. 🙂