"wish the central banks would sell ALL their gold"
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My thinking is to echo the GATA line that these past years
of 10 or 20 or 30, when price of gold was keep low and steady
from a steady selling to meet all demands, including jewelry,
by certain Central Banks, like the United States, and a few
Central Bank like China saw that as a golden opportunity
to load up on physical gold on the cheap, and also to plan
out into the future when fiat money, especially the US Dollar,
when it does a crash & burn, to have the most valued & stable
national currency on planet Earth. Make sense because what
determines if a nation is a super power is their military,
and super power militaries cost big money, and if your money
is worth the most compared to other nations, then you get
the most value(military hard goods) for your cash.
So imagine, US Dollar loses value, more and more so.
Now ask about USA citizens getting payed in US Dollars
that buy less and less of goods from Wal-Mart(aka China)
until USA citizen becomes poor and poorer comparied to
citizens of China until the wealth makes a complete transfer
from the USA to China which has bought on the cheap the
physical gold the USA has in secret sold these past 20 years
to keep the US Dollar strong. Best to ask o49r gold_tooter
how she will wave the American Flag when the USA military
crumbles and falls into sickness because the American citizens
that pay for it will themselves have low valued US Dollars
and a flip-flop will happen, as in cheap goods from China
because of a false strong US Dollar will become a weak dollar
and goods from China will be too expensive for the average Joe.
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Nature always has a balance.
Too cold winter met with a too hot summer.
Over valued UD Dollar to be replaced with the other extreme.
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The average Joe won't be able to afford a USA Flag since most
likely they will all be made in China and be too expensive.
But then, flag waving will go out of style in step with the value
of the US Dollar having a misstep and fallen down. |
