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The President appoints the Treasury secretary as their principal advisor. Who in turn report such matters as amount of gold ...etc. It would be a political win for a new/inbound President to highlight the lies of the former President, especially if a flip between Democrats/Republican. To opine that consecutive Treasury secretaries perpetuate a big lie is misguided IMO. -
I saw this vid yesterday. I do like quite a few of Dominic's vids. Of course he did it for all of the above. I dare say, at the time, he thought he was strengthening his position in the the club, whilst thinking, My mate's will have my back as well. I've a vague recollection of political pressure for it to be done from overseas. It made no economic sense. Even if it could be argued that it was the right thing to do. Why would you give that length of notice to dump so much on the market. His position should have implied that he had knowledge of what would happen. So it would be fair to assume it was more of a political move than an economic one. Or am I just a bigot. -
Brown would have loved to join the Euro. Ideology over pragmatism -
As ever things aren't just simple. The Fed increase/decrease special drawing rights (SDR's) which is a form of weighted basket of multiple currencies, which is somewhat like buying/selling gold. 2020 to 2021 and the Fed more than tripled the value of their SDR holdings. Iceland 2009 for instance and in terms of Krona (domestic currency) the price of gold soared during the financial crisis. As did the Euro. In terms of Euro's the price of gold remained relatively flat. Gold or Euro's would have served a Icelander as equally as well as a hedge against the collapse of their domestic currency.
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By TheSilverForum · Posted
This trade topic has been automatically closed as it is older than 30 days old. If your item is still for sale or your wanted listing is still valid, please submit a new listing. -
By TheSilverForum · Posted
This trade topic has been automatically closed as it is older than 30 days old. If your item is still for sale or your wanted listing is still valid, please submit a new listing. -
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By FriedrichVonHayek · Posted
Governments are degenerate liars with a massive spending addiction, so why would anybody believe the US has 8000 tonnes of Gold. -
Yeah I see your point. Better sticking with skelator who who sort of walks on water.😁
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