- Messages
- 39,714
- Reaction score
- 6,831
- Points
- 288
The Forgotten Freedom: The Freedom of Wealth
Free speech may still generate headlines. Freedom of money has been slipping away for half a century with barely a murmur.
Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
...
We will never GET the Gold Standard. ...
Gold is the money of kings.I don't see how such a limited supply of precious metals would work as the world's monetary system.
(unless we reduced the population of the world back one billion.)
We would be right back to that 'fractional reserve banking' right out the starting gate.
THE DOLLAR MUST DIE, AND ALL THESE PSYCHOPATHIC POWER ELITES WITH IT.
I don't see how such a limited supply of precious metals would work as the world's monetary system.
(unless we reduced the population of the world back one billion.)
We would be right back to that 'fractional reserve banking' right out the starting gate.
That ratio would soon shrink so the gov-ments can increase the amount of paper they print (world wide since it's the worlds monetary system.) Sneaky inflation.
Pretty soon peoples will be "taking delivery" on their gold papers.
Just like we did in the 60s with our silver papers.
There have been inaccurate reports online that gold will be reclassified as Tier 1 HQLA (High Quality Liquid Asset) under Basel III as of July 1, 2025. This information is not correct; no official announcement has been made or is expected on gold gaining HQLA status.
Why is there confusion?
There is a lot of online misinformation about Basel III more broadly. Related to gold specifically, various websites state that gold will be reclassified as Tier 1 HQLA on July 1. Let’s pause here. Tier 1 refers to capital rules that were written in the original Basel Accord in July 1988...