The End of the (Petro)Dollar: What the Federal Reserve Doesn’t Want You to Know
They are stuck with their dollars. They fear, rightly, that the US will inflate its way out of its $19 trillion mountain of debt. China’s solution is to buy gold. If dollar inflation emerges, China’s Treasury holdings will devalue, but the dollar price of its gold will soar. A large gold reserve is a prudent diversification. Russia’s motives are geopolitical. Gold is the model 21st century weapon for financial wars.The US controls dollar payments systems and, with help from European allies, can eject adversaries from the international payments system called Swift. Gold is immune to such assaults. Physical gold in your custody cannot be hacked, erased, or frozen. Moving gold is a simple way for Russia to settle accounts without US interference.
http://www.activistpost.com/2017/06/end-petrodollar-federal-reserve-doesnt-want-know.html
See ya later steemsilvergold community!
Thx for your advice
Thank you
You are welcome.
what's your opinion of silver? I just got started and bought my first 20 oz of ASE and I love it! You can tell it has intrinsic value just by holding it...hard to explain..
I love silver. I think that feeling is something the we are born with I have liked silver since my youth and had no idea why I should. I think you are fine buying silver.The next time we run into each other remind me and I will go into more detail. I'm just really tired now and am going to try to catch up on my replies. Thanks it is great to run into a new stacker.
will do :)
I am sure that in these days you are getting all the information you need. Once you get started on silver stacking it is hard to stop. Anyway I saw this short article and thought you might enjoy it.
See Ya!
Profound History of Sound Money
https://www.soundmoneydefense.org/sound-money-explained