Hi, Gainesville Coin readers! Thanks for stopping by.
Here is this week's question:
Do you think we're being setup for a collapse of the gold silver pricing? The IMF today announced that China will outpace us in 5 short years. We know the IMF is readying the new Global Currency. Do you think the currency will be backed by Gold and Silver?
Great question! Here's what the Gold and Silver Chick's has to say:
Yes, I saw that the IMF announced that China will outpace the US - and we all know that last week the University of Texas Investment Management Co. took delivery of almost $1 billion in gold bullion and is storing the gold bars in NY. To technically answer your question (do we think the “new currency” will be backed by gold and silver”) is technically out of the scope of this website; that answer leans toward a more political view/answer than what we want to cover here. But I can tell you this… gold and silver has been considered “money” since the beginning of time, and have been around as long as The Bible. It is anyone’s guess how all this will play out with the dollar. But as I like to say… Trust God for everything, trust the government for nothing, and trust gold and silver for everything in between.” Hope this helps to answer your question!