Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (120235)	2/15/2022 1:55:37 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Gold: German central bank doesn't rule out gold revaluation The Gold Observer's Jan Nieuwenhuijs today examines the possibility that central banks may revalue gold upward to help devalue their debt, an issue covered at length in 2021 by the U.S. economists Paul Brodsky and Lee Quaintance -- gata.org -- and in 2006 by the Scottish economist Peter Millar: gata.org In 2008 even a former Federal Reserve Board member, Lyle Gramley, interviewed by Business News Network in Canada, volunteered that revaluation of gold would improve the central bank's balance sheet: gata.org Nieuwenhuijs notes that central banks have revalued gold for this purpose before, so the idea is not the wild fantasy of gold bugs. He adds tha t the German Bundesbank's correspondence with him about the issue doesn't exclude the possibility of gold revaluation. European Central Bank rules prohibit a gold revaluation for offsetting or repaying debt, Nieuwenhuijs writes, but of course the bank could change the rules in a flash. Nieuwenhuijs' report is headlined "German Central Bank Doesn't Rule Out Gold Revaluation" and it's posted at The Gold Observer here: thegoldobserver.substack.com Chris Powell, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org