Goldsnow and all,
Here is a thought developed on the EMU. Notice while encouraging the idea of sales (with that study on selling all the gold in Fort Knox awhile back), the US has not sold an ounce.
EMU turmoil, hmmmm, let's see, the US has 240 million oz of gold, the EMU has none, hmmmm, now how did Churchill buy all those ships and guns during WWII? WHo has near all of Englands gold after WWII?(we do)Who is the super power now?(and has been since we got Englands gold)HMMM!
Lets see, now which reserve currency do I want the one with liquidity
and gold(US) or the one without either(EMU)??
But the europeans DO want to compete against the dollar as a WORLD
reserve currency, the benefits are great! So now if I wanted to set up a new CB and back it with a lot of gold so I could take a shot at the dollar
(See The Clash of CIvilizations and the Remaking of World Order- three world trading blocks/civilisations clash USandAmericas, ChinaJapanAsia(and Moslems?), EuropeEasternEurope)
and get the EMU as reserve status too....would I influence the price of gold <UP> or <DOWN> before I got it. And after I got it??
Comments appreciated, but its nighty night for now!
Roebear |
