Friday , 29 March 2024

New Global Currency Will Be Backed By 20-40% ($7,000) Gold – +4K Views

Jim Rickards is of the opinion (see HERE) that a global currency reset is coming in the not too distant future in the form of an IMF issue, known as a Special Depository Receipt. It will be backed by 20-40% gold from the reserves of the global central banks which will necessitate revaluing bullion to around $7,000 a troy ounce, or there won’t be enough of it to do the job. The unknown factor is the timeline: does this happen this year – or in five years?

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Also READ this article entitled Spelling Out the Big Reset.

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