Gold broke through US$1,200 per ounce last week on rumors that the People’s Bank of China might increase the percentage of gold in its reserves. The dollar, the euro, sterling and the yen all have good reasons to weaken, yet in our current global fiat money system, they have nothing to weaken against.
Global foreign exchange [...]
Posts Tagged ‘Fort Knox’
Sliding back towards a gold standard
December 9th, 2009 by HardMoney Writer
Tags: Bank of China, central bank, European Central Bank, Fort Knox, global money, hard money, International Monetary Fund, money system, private sector investors
more...Fatal error: Cannot redeclare pagenavi_textdomain() (previously declared in /home/hardmone/public_html/wp-content/themes/front-page/wp-pagenavi.php:34) in /home/hardmone/public_html/wp-content/themes/front-page/wp-pagenavi.php on line 35