World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
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World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
2012-06-02 — usagold.com
the World Gold Council moved to "incorporate official sector purchases as an element of gold demand" (my emphasis) in its fundamentals table. Previously central banks occupied a slot on the supply side of the ledger.
I do not believe that some version of the gold standard is necessarily the best or only approach to restoring gold's place in the monetary system. Simply using gold
as a reserve asset as Nobel prize-winning economist Robert Mundell
suggested many years ago could go a long way in restoring confidence in
the various currencies
the World Gold Council moved to "incorporate official sector purchases as an element of gold demand" (my emphasis) in its fundamentals table. Previously central banks occupied a slot on the supply side of the ledger.
I do not believe that some version of the gold standard is necessarily the best or only approach to restoring gold's place in the monetary system. Simply using gold
as a reserve asset as Nobel prize-winning economist Robert Mundell
suggested many years ago could go a long way in restoring confidence in
the various currencies
Dirtbikepilot- Posts : 870
Join date : 2012-05-02
Location : Hunter Valley
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
Thats interesting. I couldnt see a return to the gold standard, but this may be the world currency version. A kind of gold backed fiat.
Is centralpa FUKU's bisexual alterego? or are they different people?
Is centralpa FUKU's bisexual alterego? or are they different people?
Apocalypse prettysoon- Posts : 378
Join date : 2012-05-03
Location : NSW
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
No, it is CPA from the other site. I tracked him down and left a message of where we were hanging out now.
Dirtbikepilot- Posts : 870
Join date : 2012-05-02
Location : Hunter Valley
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
He aint no ones alter ego ,
alexisio- Posts : 761
Join date : 2012-05-02
Age : 26
Location : fraser coast qld
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
[quote="Dirtbikepilot"]Nobel prize-winning economist Robert Mundell
/quote]
I have a problem with that ^^^^^^^^^
/quote]
I have a problem with that ^^^^^^^^^
fukushima- Posts : 189
Join date : 2012-05-03
Location : 昆士兰
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
Why? He's an economist and when he was at school he won first prize in the Easter bonnet parade.
Dirtbikepilot- Posts : 870
Join date : 2012-05-02
Location : Hunter Valley
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
Dirtbikepilot wrote:Why? He's an economist and when he was at school he won first prize in the Easter bonnet parade.
His mother should have pulled it down tight over his head and strangled him.
http://www.nationmultimedia.com/business/Nobel-economist-calls-for-global-currency-backed-b-30171476.html
Here's a scary website:
http://www.singleglobalcurrency.org/articles-non-aca.html
fukushima- Posts : 189
Join date : 2012-05-03
Location : 昆士兰
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
fukushima wrote:Dirtbikepilot wrote:Why? He's an economist and when he was at school he won first prize in the Easter bonnet parade.
His mother should have pulled it down tight over his head and strangled him.
http://www.nationmultimedia.com/business/Nobel-economist-calls-for-global-currency-backed-b-30171476.html
Here's a scary website:
http://www.singleglobalcurrency.org/articles-non-aca.html
Look you guys (and girls), I know alexisio can be a pain in the arse at times but really threatening to strangle him with his little baby hat seems a bit rich, could'nt we just tie him between two Kenworth primemovers and see which one got the biggest piece of shit? You gotta remember he's sitting on a problem at the moment, so go easy.
Bulldog- Posts : 611
Join date : 2012-05-02
Age : 69
Location : Perth
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
Go easy Ha, You will need more than a couple of Kenwood mixers old chap!
alexisio- Posts : 761
Join date : 2012-05-02
Age : 26
Location : fraser coast qld
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
the first article says we already have a one world currency in a sense.
Apocalypse prettysoon- Posts : 378
Join date : 2012-05-03
Location : NSW
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
The US$ ? (as defacto reserve currency of the world)
lucky luke- Posts : 92
Join date : 2012-06-06
Location : Cootamundra
Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again
no , special drawing rights at the IMF.
Apocalypse prettysoon- Posts : 378
Join date : 2012-05-03
Location : NSW

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