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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: rz who wrote (91348)6/11/2012 3:28:28 AM
From: TobagoJack  Read Replies (5) | Respond to of 218447
 
The boyz should be exceedingly tempted to re-rate gold to usd 16,000 for reset #1, and

Re-rate gold to usd 160,000 for reset #2

Question,

At what price of gold would salvation of Italy be possible?

Assuming target is 5 years of balanced budget under reduced taxation revenue, and
Reducing current debt pile to 60% of reduced GDP.



To: rz who wrote (91348)6/11/2012 8:19:52 AM
From: carranza2  Read Replies (1) | Respond to of 218447
 
IIRC, the Reemption Act calls for European sovereign debt in excess of 60% of GDP to be collateralized with gold.

It has not been made law. It's 'out here' as the first significant gold-based proposal In a very long time. It is ground-breaking and worthy of watch 'n brief for that reason alone.


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