Gold Standard Returns On January 1, 2013: Banks Have Already Adopted New Rules
On January 1, 2013, the world will return to a gold standard.
This isn’t guesswork. Banks in major economies across the globe have already adopted the rules.
In anticipation, central banks have been buying gold in large quantities. Turkey added 3.9 million ounces in the last year. Mexico has purchased 3.2 million ounces. Russia’s reserves stand at 29.2 million ounces — the highest in 20 years.
As they prepare for gold to become currency once again, the price of the yellow metal will continue to climb…
Insiders are forecasting gold to rise to between $10,000 and $14,000 per ounce.
Make sure you’re prepared for the biggest economic change — and profit windfall — of your life.
The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. There are distinct kinds of gold standard. First, the gold specie standard is a system in which the monetary unit is associated with circulating gold coins, or with the unit of value defined in terms of one particular circulating gold coin in conjunction with subsidiary coinage made from a less valuable metal.
Similarly, the gold exchange standard typically does not involve the circulation of gold coins, instead using notes or coins made of silver or other metals, but where the authorities guarantee a fixed exchange rate with another country that is on the gold standard. This creates a de facto gold standard, in that the value of the silver coins has a fixed external value in terms of gold that is independent of the inherent silver value. Finally, the gold bullion standard is a system in which gold coins do not circulate, but in which the authorities have agreed to sell gold bullion on demand at a fixed price in exchange for the circulating currency.
No country currently uses the gold standard as the basis of its monetary system, although several hold substantial gold reserve
Gold certificates were used as paper currency in the United States from 1882 to 1933. These certificates were freely convertible into gold coins.
Source: Wealth Wire
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how about a link with the new bank rules. Those of us living in an Age of Reason don’t take the words of men as proof.
exactly, but then this particular “reporter” lives in a fantasy land, I sincerely hope even 10% of his wild predictions will come true, it would make a better world that’s for sure, and that’s why they never do…
Gold standard or not, digital money is the wave of the future. Total governmental control over every transaction. That’s what the shadow government wants, and that’s what the visible government will enact.
deleting perfectly reasonable comments is the mark of censorship, this site is supposed to promote free speech and should accept both positive and negative comments, I repeat this is total fantasy and I dont do MSM dis info, a gold standard on Jan 1st ! lol.
Which comments were censored? If you curse, we’ll delete it…there are a few other terms of service, such as condoning violence, porn or asking others to become violent. We don’t allow those kinds of things.
Here is the moot point, Chris. Some comments may appear to condone violence, but simply reasonate a statement of being. I frequently infer catasphrophic scenarios in my comments. That does condone it. If anything I project disaster scenarios to those who might commit them to think twice about what they intend to do.
Expletives also can be used for impact, but when they are not language simply sounds “crass”.
So what if he’s wrong on the gold standard?
what’s the worst that can happen as a side-effect of believing this article?
Buy lots of gold?
that’s making you a favour…
a side effect…?? this isnt a vaccine… I agree on the buying of Gold, every tom dick and harry does by now. But to actually put something like “Gold Standard return on Jan 1″ as a headline, without proof on any level, goes a bit further than something like “Zombie women eats cops face” does it not ? I mean come on, DIS INFO.
The only ‘gold’ standard that is real is the direct use of gold coins as currency. No paper ‘notes’ supposedly backed by gold, as that’s not a real gold standard, but a fake one used by evil bankers. Those ‘notes’ were printed by bankers that only held a fraction of the actual gold, as bankers have always relied on only a small percentage of people actually withdrawing their ‘gold’. The world has never actually used a real gold or silver standard but for a short time, as even ancient Rome started to ‘cut’ the metals with cheaper one’s which was the ancient form of ‘inflation’. Back then, nobody would accept a peice of paper as money, but we ‘modern’ fools accept electronic blips in the air.
Exactly, the only standard the banks abide by, is “we will rip you and your country off, standard”.
Yeah worst thing is history mocks the ancient….one day everyone will see!
Then get ready for the coming famine in the U.S. as fractional reserve banking ends, farmers can’t borrow the money they need and they won’t plant the crops they would normally plant.
I keep telling you people, the gold standard ideology comes from Malthusianism. The British imposed the gold standard on India in the 19th Century to depopulate the country and make the survivors easier to rule. Robert Zubrin writes about this in his book “Merchants of Despair.”
And why did Ron Paul’s friend, the Austrian economist Murray Rothbard, argue that children have no right to eat, and that their parents can legally starve them to death without interference?
Connect the dots, people. The advocates of this gold standard con don’t have your interests in mind.
If BIN reports, it must be disinfo…?… The goal is a one-world electronic currency. All recent major history has been gold confiscation, deval. How does any of that jive w/ a new gold standard?? Recommend Bill Still’s WIZARD OF OZ video, which is all about Federal Reserve, Gold Standard, etc. on youtube. peace all … EAST GHOST COM
You report, you decide. You have to decide for yourself if something is true or not. This is exactly the same thing you should be doing with every single news story from every source.
Therefore comments should not be censored, the reader should be able to decide for themselves of the words and intent being conveyed!
Or are there special rules to editing? Like loop holes…..I’m sorry but you make the announcement to pay attention and figure it out for yourself, yet you choose what’s right and what’s wrong in comments, based on your ” rules “. I find it pretty hypocritical !
I have said this many times” paper gold” is toilet paper or firelighters when you are in your bunker.
only the real thing is of any value, IN YOUR HAND.
A “gold certificate” is only PAPER!
I agree with this post. In fact the gold standard has always been superficially there as “they” can’t invent a meaningful system to replace it. The gold price must rise considerably for the financial woes of the past to be swept away.
Oh but contrare…this IS guesswork since there are no hard facts stating sources, links or where this info came from. If anything, readers of alternate news are skeptics and know better than to “just take someone’s word for it.” We come here for truth, not lip service which is all this article is at the moment. So I “guess” it’s OK to write articles about wild financial fantasy here buy don’t talk about the only way…and I mean ONLY way we’ll ever get our country back. I’m sure there were people just like you who wrote for the British before 1776 trying to keep the peace while the British abused the daylights out of our founding fathers. Thomas Pane you are NOT!
Gold has taken another hit down, and maybe will go more. Articles like this will help it stay up. We can’t go on the gold standard, theres to much fiat to cover in the world. Its the greatest ponsi sceme every invented..
Highly unlikely…Gold Standard will return On January 1, 2013 ( in fact impossible )…Its like saying the World will END on 21 st December 2012…cuz… the Mayan said so
…We know…The US is printing money and issuing the global reserve currency irresponsibly… When gold was the standard this was not possible and the economy was in a better place…The dollar has no intrinsic value on its own… Prior to the dollar becoming the reserve currency, GOLD was the reserve… Gold has intrinsic value…The only solution is to jettison the dollar and to re-in-place gold as the reserve…Returning to gold would stabilize the world economy and interest rates, preventing market bubbles and massive deficits to forms… If the DOLLAR $$$ was no longer the reserve, the entire system would be more STABLE … A structure based on a metal with intrinsic value would prevent the world from falsely propping up the US dollar $$$…With the dollar as the reserve, the world is forced into thinking they must lend and alter the markets to keep the dollar strong because it has no natural value…If GOLD were the standard again, all of these problems would be solved…Hence that chatter about a gold standard… Indeed, as the debate bubbles up, some financiers are now even e-mailing each other … a new reserve currency, akin to an old-style gold standard… these musings about a gold standard are currently cropping up in all manner of unlikely places…( specially BRIC countries )… In the Middle East, some sovereign wealth funds now say that they are stocking up enthusiastically on GOLD…Bottom line? Even mainstream financial players are starting to mull a return to the gold standard… While it would not happen any time soon, it might happen in the medium-term future…ONCE THE GLOBALISTS ( TPTB ) have covered their ASSES…
…
They are very unlikely to tie currency to gold until collapse overwhelms them. That would limit how much they could print, and that is the last thing banks or the federal government want. Currently, the monetary system allows banks to create checking account balances out of thin air and loan them out at interest, and for the federal government this is an almost unlimited source of borrowing.
The only thing that acts as a damper on this is the amount of reserves a bank holds to cover demands for “cash” and check clearing. What are these reserves? Bank reserves currently are the “cash” they hold in their vaults and their own checking account balance at the Federal Reserve Bank. The Federal Reserve Bank has complete control over how much the reserve balances are, and as demonstrated by the 2008 easing, they can increase bank reserves to astronomical levels by simply buying US government debt or making direct loans to banks.
If gold became the reserve instead of paper, the banking system would probably collapse along with the federal government; gold is not unlimited like paper debt is. The economic contraction would be immense. They are stuck with the debt money system until it collapses and then, after a year or two of great economic pain, a gold standard could be implemented to give us a steady economy instead of the boom/bust economy the debt money system produces. But we are not there yet.
It’s about time.
Why not simply take the control of money printing out of the FED And the banking cartels?
If government is capable enough to create the bonds to buy the dollars, then government is capable enough to print the money without need of the middle man.
What does the FED and the rest of the banking cartels do that is so difficult for each and every government to do on their own. Why the need for the middle man?
Then again all this scheming vultures will need to do something they have no idea how to do. WORK FOR A LIVING. We wouldn’t want that, would we.
how much are gold teeth worth?
If you wish to learn more about the new rules, Google, Basel III agreement.
It boils down to the fact that all banks and large institutions will have to maintain under ten percent of their value in liquid (read precious metals) in physical possession (in the vault).
ABA and others are fighting like wildcats to prevent this common sense approach, but will ultimately fail because international banks have, for the most part, already adopted the approach.
The US Federal Comment Period ends Oct. 22 and new rules are scheduled to begin phasing in Jan.1 2013.