BIS plan for defacto gold standard - 29 March 2019?

Discussion in 'Silver' started by Jodie delaney, Mar 10, 2019.

  1. Jodie delaney

    Jodie delaney New Member

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    Jodie delaney, Mar 10, 2019
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    GoldenEye likes this.
  2. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    I read all (well most when I can on matters pertaining to metals price). If this came to pass, I suspect a few on this forum would be retiring asap.

    Lets see what happens. WWG1WGA
     
    Oddjob, Mar 10, 2019
    #2
  3. bron.suchecki

    bron.suchecki Well-Known Member

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    This is only of benefit to bullion banks who hold gold assets against their leasing. It is not going to result in banks buying gold nor is it a move to a gold standard.
     
    bron.suchecki, Mar 10, 2019
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  4. SilverDJ

    SilverDJ Well-Known Member

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    SilverDJ, Mar 10, 2019
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  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    Bron, would you share your opinion on the often mooted move to a gold backed IMF crypto currency as a potential response to the next international financial emergency? (the ”reset” many talk about).

    This move on gold as a harbinger of future utility perhaps?
     
    JulieW, Mar 10, 2019
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  6. whay

    whay Well-Known Member

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    BIS - plan for defacto gold standard - 29 March 2019
     
    whay, Mar 10, 2019
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  7. sammy

    sammy Active Member Silver Stacker

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    sounds like an exaggeration by the writer. The BIS only said that gold can be safely converted to money. They didn’t say anything about a gold standard ... the writer made that bit up.
     
    sammy, Mar 10, 2019
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  8. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    My understanding is that they'll be giving gold the same risk level as cash?
     
    GoldenEye, Mar 10, 2019
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