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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

Post by Dirtbikepilot on Sun Jun 03, 2012 6:51 am

2012-06-02usagold.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
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by Apocalypse prettysoon on Sun Jun 03, 2012 6:59 am

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?
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by Dirtbikepilot on Sun Jun 03, 2012 7:03 am

No, it is CPA from the other site. I tracked him down and left a message of where we were hanging out now.
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by alexisio on Sun Jun 03, 2012 9:09 am

He aint no ones alter ego ,
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by fukushima on Sun Jun 03, 2012 12:32 pm

[quote="Dirtbikepilot"]Nobel prize-winning economist Robert Mundell
/quote]

I have a problem with that ^^^^^^^^^
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by Dirtbikepilot on Sun Jun 03, 2012 12:34 pm

Why? He's an economist and when he was at school he won first prize in the Easter bonnet parade.
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by fukushima on Sun Jun 03, 2012 1:06 pm

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
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by Bulldog on Mon Jun 11, 2012 12:32 pm

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.
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by alexisio on Mon Jun 11, 2012 1:33 pm

Go easy Ha, You will need more than a couple of Kenwood mixers old chap!
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by Apocalypse prettysoon on Mon Jun 11, 2012 8:42 pm

the first article says we already have a one world currency in a sense.
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by lucky luke on Mon Jun 11, 2012 10:30 pm

The US$ ? (as defacto reserve currency of the world)
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Re: World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again

Post by Apocalypse prettysoon on Tue Jun 12, 2012 5:43 am

no , special drawing rights at the IMF.
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