Saturday , 24 September 2016


Fed Announces Gold Standard To Be Phased In Starting July 1st!

Earlier today (April 1st) Federal Reserve Chairman Janet Yellen made the surprising announcement of the gold-bars4return to the gold standard saying, “The safest way for the economy to proceed is through a new system that holds more accountability for the U.S. dollar and its value in the global markets.”

The Gold Standard

In something of a mea culpa moment, Yellen admitted that while the increased money supply has done well to prop up markets for the time being, it is not a sustainable solution. The reversion to the gold standard, she hopes, will allow the economy to march forward in a more stable manner. “The flexibility of a fiat currency has guided the U.S. through the toughest era since the Great Depression, but the time has come for a change,” said Yellen…

One important thing to note is that the timeline for the return will be relatively drawn out and smooth. The Fed mandates that by 2018 all currency must be backed by at least 30% of its value in gold. That figure will increase to 50% by 2019 and to 100% by 2020. The move brings up a number of big questions, like whether or not the Fed will audit For Knox or other institutions that conspiracy theorists have been attacking for years. For now, we will have to wait for more specifics, but investors can already begin preparing.

Prepping for a Gold Standard

With a hard 4-year timeline, investors [should] begin allocating [some of their assets] into gold as this move will surely spark interest in the commodity. Some may choose to utilize stocks and ETFs, but physical bullion will likely be the most popular, as this will likely spark fears of a gold confiscation in order for the Fed to have enough bullion to justify the move. While a confiscation is extremely unlikely, there are those who still fear such a move….

The Bottom Line

With such monumental news coming seemingly out of nowhere, there is something that investors need to keep in mind. Today is April 1st – April Fool’s day. Let’s be honest, Yellen is going to print money until the U.S. runs out of ink. Nevertheless, for a few paragraphs, it was fun to live in the fantasy world of a gold standard reversion.

Happy April Fool’s Day to all. Feel free to “get” your friends and co-workers with this article!

Disclosure: The original article, written by Jared Cummans (www.commodityhq.com), was edited ([ ]) and abridged (…) by the editorial team at munKNEE.com (Your Key to Making Money!) to provide a fast and easy read.
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Other April Fool’s Day Spoofs:

1. Major Changes In American Way of Life Coming Within Months

Canada’s multi-year efforts to buy the Turks and Caicos Islands in the Caribbean as a sunny and warm winter vacation destination for it citizens have been abandoned with the announcement today of the agreement to purchase 41.3% of the Hawaiian Islands and 100% of the U.S. Virgin Islands from the cash-strapped United States. The details of the sale follow.