Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

The U.S. Is Ready With a Gold Revaluation Mechanism Too
Moneymetals ^ | 15 Aug 24 | Chris Powell

Posted on 11/09/2024 7:41:48 AM PST by delta7

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-26 last
To: delta7

“Rank Name Type Gold holdings
(in tonnes)
1 China Private 31,000[13]
2 India Private 30,000[14]”


You didn’t cite your source. Wiki by the format. Wiki does not list the US.


21 posted on 11/09/2024 1:46:49 PM PST by TexasGator (I l I l l I. I . I I I " l l)
[ Post Reply | Private Reply | To 5 | View Replies]

To: delta7

“Do realize the US population is poorly prepared for a gold revaluation.”

Per capita, US citizens may own more gold than Chinese.


22 posted on 11/09/2024 1:48:10 PM PST by TexasGator (I l I l l I. I . I I I " l l)
[ Post Reply | Private Reply | To 5 | View Replies]

To: TexasGator
What you said is true. Silver will never match the price of gold.

But for the last couple hundred years (actually 2000 years or more...lol) the ratio has been 16:1.

23 posted on 11/09/2024 3:50:32 PM PST by volare737 (Diversity is something to be overcome, not celebrated.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: volare737

Meant to say last couple hundred years until Nixon took us off gold standard in 1971. (and the 2,000 years before that)


24 posted on 11/09/2024 4:14:38 PM PST by volare737 (Diversity is something to be overcome, not celebrated.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: dfwgator

Nice!


25 posted on 11/11/2024 1:27:00 PM PST by Lee'sGhost ("Just look at the flowers, Lizzie. Just look at the flowers.")
[ Post Reply | Private Reply | To 11 | View Replies]

To: delta7
The world’s total debt is estimated at $300-317 trillion. Mathematically impossible to pay off.

Why?

26 posted on 12/07/2024 6:42:46 PM PST by Toddsterpatriot (TANSTAAFL)
[ Post Reply | Private Reply | To 13 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-26 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson