We know all the Wall Street and other pundits out there who say gold has no use because you cant make clothing out of it and you cant brush your teeth with it. If I had a USD every time some clown said that it would amount to a few physical ounces by now. But to the point, the Golden Rule: He Who Has the Gold Makes the Rules. Thats because gold is used for real stuff that real Big Governments do; and the 1% little people (derivative markets) and their fiat be damned. Here is the Gold Score: USA got all this gold: (in USD) Afghanistan 7,288,702,809 Libya 119,714,243,055 Egypt 34,896,677,829 Iraq 77,747,259,730 Syria 20,631,905,973 Ukraine 20,413,622,008 UK (sold 400 tonnes mostly to the US from 1999-2002 for approx $300 USD per troy ounce) Russia: Crimea (Unknown physical reserves) The game looks a little lopsided, eh? No wonder Russia is slightly miffed with the west - and not just about right sector nazis strutting around freely in Kiev. After all, its not all about the oil... Its all about gold too - and plenty. Even if the punter is unaware. But... the article here is truly whats of interest. blogs.telegraph.co.uk/finance/thomaspascoe/100018367/revealed-why-gordon-brown-sold-britains-gold-at-a-knock-down-price/
Posted on: Sun, 14 Sep 2014 07:27:45 +0000
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