Epoch Times/Valentin Schmid/8-10-2016
Paul Brodksy explains why central banks are losing control and how the system could be saved
“If you were to apply the Bretton Woods model for valuing money today, the number would be up to $15,000 an ounce. Now does that mean there will be a 100 percent backing? Would they have to do that? Maybe it’s closer to 20 percent [$3000 per ounce].”
MK note: There will not be any reset unless the principal parties agree. In other words, there will need to be a new Bretton Woods agreement and I do not see that happening anytime soon. Gold, however, does not need a reset to continue to do its good work. The gold market will take care of that on its own and in its own time to the utter chagrin of its critics and the quiet applause of its owners.
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