[delta7]

With the Brics announcement of a 40 percent gold backed payment system, the entire world’s Central Banks buying historic amounts of Gold, and the Fed and Treasury establishing GRA’s indicates some big changes ahead.

Prepare accordingly.

[dennisw]

So this means gold would rise to $10,000 per ounce -— My take at least. Silver would rise too. Maybe $100 per ounce

[delta7]

More for the doubting Thomas’s ( Gators).

“Central bank gold purchases indicate revaluation plans, new monetary paradigm. Will the U.S. join it?….”

https://www.kitco.com/news/article/2024-01-17/central-bank-gold-purchases-indicate-revaluation-plans-new-monetary

[Tilted Irish Kilt]

Awareness : "BRICS", the gold standard, and U.S. monetary policy
Please see the entire article and commentary

delta7 : "With the Brics announcement of a 40 percent gold backed payment system, the entire world’s Central Banks buying historic amounts of Gold,
and the Fed and Treasury establishing GRA’s indicates some big changes ahead."

" Prepare accordingly."

(From the article re: monetary policy and gold): "It was also examined at length by the U.S. economists Paul Brodsky and Lee Quaintance in 2012."

" In his discussion this week with Market Disruptors' Moss, Gromen remarks that a substantial official U.S. revaluation of gold -- say, to $20,000 per ounce or more
-- might enable the creation of trillions of dollars for the U.S. government to use to repay enough of its debt
to make the country's ratio of debt to gross national product appear more plausible and sustainable."

" Moss responds that such a revaluation likely would generate huge inflation, but Gromen says that only huge inflation can diminish the debt problem
and that other countries have survived and adjusted to such periods."

"Of course in the end gold revaluation, like the recent proposal for the Treasury to mint platinum coins with trillion-dollar denominations and turn them into cash at the Fed,
is just legerdemain, accounting trickery to rationalize creation of money far out of proportion to national economic production."

"But that governments and central banks are so prepared for gold revaluation may be a reminder that the metal remains not just money
but also the secret knowledge of the financial universe -- and that the nuttiest gold bugs of all are central bankers and the elected officials whose bidding they do,
creating a world financial system so crazy that only gold may be able to save it."

[matthew fuller]

Whatever they do with changing the monetary system from the current hopium system, they are WAY past time for a real inventory (of the gold) , both in Ft. Knox and elsewhere.