You are viewing a single comment's thread from:
RE: Gold will Shoot to the Moon...
Ok, so if the other countries send us their gold and silver.
So for example, say in India gold is worth 1700 US Dollars an ounce in their currency; so they could send it to the US and get 9000 US Dollars for it?
Or with your theory: it is worth 17 Dollars in US Electronic Currency, and they will get 90 Dollars in US Electronic Currency? (Based on this new twist?)
An Ounce of Gold worth 1,700 Fiat Dollars in India will become $17 in our New System... They won't be getting back 9,000 Fiat Dollars, they will be getting back $90 in our New System... That kind of Profit would be very hard to resist... That's why i see no problem, obtaining all the Silver and Gold we need... Anyone holding Gold, (including the people in India) will make a Huge Profit, and that's a good thing... It's why we have so many Silver and Gold Stackers...
To make it easier to understand... They send us One Ounce of Gold... We Mint that Ounce of Gold into 10 Coins that total $100... We send them back $90 in Gold Coins... After the Refining, and Minting expenses, the U.S. Treasury will show a Profit... But the profit doesn't stop there... The U.S. Treasury will also be "allowed" to "issue or back" an equal amount of our New and Improved Currencies... Our New Currencies will be Paper Coinage and Electronic Coinage... Our improved Currency is our Common (Corrected) Coinage...
Here comes the amazing part... Since $90 in Gold Coins will only get someone $90 in our New and improved Currencies, the $90 becomes Half of the Whole... The other Half is the $90 in our New and Improved Currencies... The U.S. Treasury earns a small Profit for Minting the $100 in Gold Coins, along with an additional Profit by issuing or backing our New and improved Currencies... After all the Production Costs are deducted from the Profit, "We the People" should end up with about 100% profit...
This is already starting to sound a little complicated, but it's not... The 100% Profit, will allow "We the People" to Pay Off the National Debt and interest... This will be a Win Win for everyone except the Central Bank Owners...
Wow... I'll have to use this Reply for my First Post in August...lol... Thanks for asking...
Many thanks for the clarification 💜 💜 💜
The above reply could probably use some Fine Tuning before my August Post... It's not easy, explaining things in both Fiat and Sound Money... I have to keep Switching back and forth making the Numbers fit from one to the other... No matter what Numbers other Countries put on their Silver and Gold Coins or Bars, the Weight in Ounces, will determine the New Dollar amounts, they will get back...