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overtheedge
Member since May 2012
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The “New” Cold War and the Power of Gold

- Dan Popescu - GoldBroker

"In this transitional period to a new world order where uncertainty and risks dominate, gold is money in extremis and the preferred central banks’ reserve. It cannot be confiscated under any form or shape if, and this is a big if, it is stored at home. United States has a long tradition of confiscation or freezing of foreign assets when it considers it in its “national interest”."

The official US gold value is $42.22.
Should the USA or Federal Reserve with the blessing of the US Government declare a force majeure, just what do you reckon the foreign gold in US custody will be reimbursed at?
Why do you suppose the official valuation is so low to begin with?
Why do you suppose it has been kept so low for so long?
Now you might wanna re-examine the German gold repatriation effort and why it ain't happening.

Commented 3524 days ago

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Beginning of the headline :The Cold War describes a state of political and military tension, after World War II, between powers in the Western Bloc (United States, Western Europe and Japan) and powers in the Eastern Bloc (Soviet Union and the Warsaw Pact countries). Historians have not fully agreed on the dates, but 1947–1991 is common. It was "cold" because there was no large-scale fighting directly between the two sides, although there were major regional wars in Korea, Vietnam and Afghanistan that the two sides support... Read More

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