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MEtallic

Chinese Want Us Gold

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The U.S. should cut its government spending and sell some gold reserves to balance its budget and fund its recovery, the People’s Daily overseas edition reported, citing Xia Bin, an adviser to the People’s Bank of China.
Bloomberg

Well, they're now making it more and more obvious that they (China) want to move away from paper based assets. Exchange worthless paper for useful commodities, encourage your citizens to buy gold, then politely suggest to your largest debtor that they sell your their gold....

if this is not a sign that we're in transition to a gold or commodity backed currency system, I don't know what is!

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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