reply to EUS
Re: Buying some USA nickles for the intrinsic value.
said by EUS:The oil bourse is breaking apart. Iran is dealing in gold exclusively to sell oil to others.
But the central banks are buying on the dips because?
The BRIC are floating the idea of a currency basket excluding the dollar
If/when the petrodollar is no longer needed all currencies may see a sharp revaluation. Gold may be money again that nations trade in.
The people as usual get useless toilet paper called FRN's or CAD.
"Our criminal institutions are full of little creeps like you who do wrong things, and many of them were driven to these crimes by a horrible force, called MUSIC" Frank Zappa, Joe's Garage
China, Japan, Vietnam, Russia, Iran, and a couple more countries I do not recall are already up and running trade that does not require USD to enter the buy/sell transactions at all. Australia has joined.
Confidence in unbacked fiat is decaying quicker than I thought it would.
AUS and CAD have recently been upgraded to reserve currency status. Yet still not backed by anything.
Central banks buying tells me we're no where close to a top in gold (long term).
That, and "WE BUY GOLD" stores are increasing in numbers.
+ low interest rates
+ continual gov't stupidity
~ Project Hope ~