It would be like that scam of minting $1 trillion dollar platinum coins to put in the Fed vaults to erase the national debt - just on a slightly larger scale.
Gold prices would spin out of control and industrial use of gold would stop. President Trump is getting control of our national gold reserves to get set up to fight a 2008 style economic attack on the US.
I do expect to see follow through on a simultaneous audit of all our gold reserves, all not a sampling or fraction, with public observers. I choose to believe President Trump meant it when he raised the issue.
Does anyone even know what the immediate practical effects of minting trillion dollar platinum coins to put in US reserve vaults? I see it candied about and called a scam but never any sort of explanation as to why expecting faith from the public and world in trillion dollar platinum US coins is any different than the current expectation of faith from the public and world in our paper dollar bills? Can anyone enlighten me? My Google searches seem contradictory and non responsive; maybe I’m asking it wrong?
40 percent backing most likely…Brics is 40 percent and the Chinese White papers on the Yuan is 40 percent.