minnesotachris Dues-paying member Location: Shakopee, MN Last login: 11/16/09 RSS feed
My wonderful wife Sarah and I homeschool our four kids and live in a suburb of the Twin Cities. I'm just trying to help spread the message of peace and personal liberty! I can be reached at chris_minnesota [at] yahoo [dot] com.
http://moneyandethics.blogspot.com/
Wednesday, November 4, 2009
When Will The Central Banks Rush To Buy Gold?
When I saw that India bought 200 tons of gold I wondered what effect that would have on:
a). the price of gold,
b). the rush by other central banks to buy gold, and
c). the psyche of most people - because the return to the gold standard would become a common conversation piece, naturally negating the propaganda by the ego-driven interventionists.
Since gold, as the medium of exchange, is the sign and symbol of a classical liberalism civilization perhaps gold will actually be the trigger!
Perhaps gold will capture everyone's interest and serve as the catalyst, setting in motion the process of exterminating the counterfeit fiat monetary systems around the world.
This is actually going to be a great test to see how much gold is at our disposal. It has been common for massive amounts of gold to be released onto the market to suppress the price and reduce fears of inflation. The feeling that if the price of gold is stable, then the dollar is stable. I have a feeling it won't work this time considering the worldwide demand and competition to establish new reserve currencies.
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty."
—Thomas Jefferson
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