Responsible for hs holding crisis

Greg James at Sun MicrosystemsInc.

Responsible for hs holding crisis

It tells you there are good fundamentals behind it, independent of the threat of a stronger dollar. I believe the Fed is preparing to raise into weakness and will have to reverse course in April or May. What happens to gold then? So I expect gold to take off in the spring and finish the year very strongly.

I want to give the basis for that forecast. I never give any forecast without giving the analysis behind it. Anybody can pull a prediction out if a hat.

The combined M1 money supply in the world is about 24 trillion dollars. Now, the official gold in the world is about 33, tons. So if you wanted to restore a gold standard, how much gold do you need to back up the money supply?

Responsible for hs holding crisis

Historically, central banks have run successful gold standards with less backing. In most of the 20th century, the U. If you reintroduced a gold standard at a lower price, it would be deflationary. This is important because gold maintains a prominent place in the international monetary system, despite what elites say.

But I believe that gold is money, and it always has been. Gold has always been at the base of the international monetary system. To a certain extent it still is, whether or not central banks or the elites want to acknowledge it.

If gold was irrelevant, why does the U. Why does the IMF have 3, tons? Why does Germany have 3, tons? Why has Russia tripled its gold supply in the last 10 years?

Why has China more than tripled its gold supply in the last 10 years? Why are they all hoarding and buying gold if it has no role in the monetary system?

The answer of course is that it does, but the monetary elites would just as soon not talk about gold.OESJ CSD JUNIOR / SENIOR HIGH SCHOOL The Mohawk Valley FFA will be holding their yearly banquet on Tuesday, May 29th, in the OESJ Jr/Sr High School cafeteria. The banquet recognizes the accomplishments of our members for the - school year with the help of their family, friends, and supporters.

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I served both Archbishops prior to Archbishop Demetrios and I have never seen a worse crisis than what we are facing now. Loss of Credibility Unfortunately, Archbishop Demetrios is holding on to his office at the expense of the Church.

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