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Old 01-14-2013, 05:21 AM   #1
Ground Beetle
 
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Thumbs up BREAKING: gold remonetization in international trade the way to go - according to...

....international Central-fucking Banks think-tank ("Official Monetary and Financial Institutions Forum (OMFIF), a global organization of central banks and sovereign wealth funds") !!!!!

I don't know how it slipped under the rug, but heres few articles, addressing the latest (published Friday last) report from the organization above:

http://goldnews.bullionvault.com/gold-bullion-011120132
http://www.financialsense.com/contri...etization-gold

some of the more juicy quotes from the report:

Quote :
"Western economies have attempted to dismantle gold's monetary role," the report says,"[but] this has failed."
Quote :
Gold bullion could form part of "an immensely important phase in the history of world money,"
...no shit, Sherlock!

And what is gold & silver price doing, on Friday, when this bombshell has exploded? WHAT A FARCE Is there anybody left at mainstream trading desks, with two brain cells left, to see the importance of that, and start buy, buy, BUY(!!!), with both hands? OR perhaps - paper gold, is going out of style, as there would be little use for it, in the future of gold remonetization?

Only have read the few first pages, but it seems to be a heavy-hitter, not surprisingly, highlighting most of things that our hive-brain here has also have crunched already
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Old 01-14-2013, 05:45 AM   #2
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Radar is working fine: http://www.pmbug.com/forum/f13/tin-f...html#post17732
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Old 01-14-2013, 07:05 AM   #3
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goddamit, Bug, you always must be the first one to report on something
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Old 01-14-2013, 07:49 AM   #4
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lol... Not always first by a long shot. Just so happens I ran across that particular story during my morning routine yesterday.

When you look back through the Vortex thread (linked above in my last post), and see the news developing over the last 4 years or so, it becomes obvious that the final destination is going to have a golden foundation. Short term price dislocation from what logic dictates the end game will require should be considered a gift for those with the means and forsight to act.
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