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WGC Confirms The Chinese Are Going To Back The Yuan With Gold
01-24-2013, 05:58 PM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
*This site has been known to sensationalize now and then

Quote:In this MUST WATCH video, Jim Rickards discusses ‘currency war games’ and how the in progress currency war between the US/West and China/Russia is likely to be played out. Not surprisingly, GOLD plays a pivotal role in the currency war games.

The end of the current fiat monetary system is coming, and a GOLD BACKED CURRENCY will replace the fiat petro-dollar.
http://investmentwatchblog.com/currency-...pmOz8EV.99

Is this why Germany is repatriating their gold?
01-24-2013, 06:01 PM #2
Octo Mother Superior
Posts:42,609 Threads:1,469 Joined:Feb 2011
İmage
01-24-2013, 06:12 PM #3
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
But I thought the Fed said gold wasn't money. coffeetime.gif

Biere.
01-24-2013, 06:54 PM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,280 Threads:1,438 Joined:Feb 2011
Thus signaling the end of fiat currency and petrol dollars. coffeetime.gif There have been rumors and rumblings of this for months.


wonder.gif
01-24-2013, 08:40 PM #5
オタマジャクシ Member
Posts:1,310 Threads:32 Joined:Nov 2012
(01-24-2013, 06:54 PM)JayRodney Wrote:  Thus signaling the end of fiat currency and petrol dollars. coffeetime.gif There have been rumors and rumblings of this for months.


And once they have backed it - they are going to taunt us - by "waving their yuan" at us.

There are indications that "waving your yuan" has some sexual connotations in madarin.
01-24-2013, 08:53 PM #6
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,280 Threads:1,438 Joined:Feb 2011
chuckle.gif I can understand that. yup.gif Honestly I knew this was going down back in November http://maxkeiser.com/2012/11/30/china-is...ive-scale/

Quote:China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale.

This has been hinted at for quite sometime if you follow the PM rumor mill.

wonder.gif
01-24-2013, 09:27 PM #7
オタマジャクシ Member
Posts:1,310 Threads:32 Joined:Nov 2012
They want the 1 kg bars to use as bribes during overseas contract negotiations.
01-24-2013, 09:31 PM #8
Kreeper Griobhtha
Posts:10,597 Threads:635 Joined:Feb 2011
(01-24-2013, 08:40 PM)オタマジャクシ Wrote:  
(01-24-2013, 06:54 PM)JayRodney Wrote:  Thus signaling the end of fiat currency and petrol dollars. coffeetime.gif There have been rumors and rumblings of this for months.


And once they have backed it - they are going to taunt us - by "waving their yuan" at us.

There are indications that "waving your yuan" has some sexual connotations in madarin.



Supposed to get rappers pretty pissed off too.

hmm.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
01-24-2013, 09:48 PM #9
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,280 Threads:1,438 Joined:Feb 2011
lmao.gif

wonder.gif
Anonymous Kritter Show this Post
01-24-2013, 11:01 PM #10
Anonymous Kritter Incognito Anonymous
 
(01-24-2013, 09:31 PM)Kreeper Wrote:  
(01-24-2013, 08:40 PM)オタマジャクシ Wrote:  
(01-24-2013, 06:54 PM)JayRodney Wrote:  Thus signaling the end of fiat currency and petrol dollars. coffeetime.gif There have been rumors and rumblings of this for months.


And once they have backed it - they are going to taunt us - by "waving their yuan" at us.

There are indications that "waving your yuan" has some sexual connotations in madarin.



Supposed to get rappers pretty pissed off too.

hmm.gif


İmage

What Up, Mandarin!
01-25-2013, 12:26 AM #11
Octo Mother Superior
Posts:42,609 Threads:1,469 Joined:Feb 2011
Yo yo!

İmage
01-25-2013, 03:09 AM #12
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(01-24-2013, 08:40 PM)オタマジャクシ Wrote:  And once they have backed it - they are going to taunt us - by "waving their yuan" at us.


rofl.gif rofl.gif good one. They'll call it the yuand?



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