BIS plan for defacto gold standard - 29 March 2019?

[Jodie delaney]

Wondering what people think about this? Could there be something in this?

https://www.dinarrecaps.com/our-blog/tnt-members-return-to-the-gold-standard-march-29-2019

 

[Oddjob]

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

 

[bron.suchecki]

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.

 

[SilverDJ]

The link goes to the art section of some Italian financial website?
https://www.ilsole24ore.com/art/fin...ard-l-oro-bilanci-diventa-moneta-091055.shtml
It is a big national daily newspaper though and the author is the vice president

 

[JulieW]

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, 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?

 

[whay]

BIS - plan for defacto gold standard - 29 March 2019

 

[sammy]

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.

 

[GoldenEye]

My understanding is that they'll be giving gold the same risk level as cash?