I must say, this year...2014 has been the most interesting year so far. Back in September, we, The Scots had to decide whether to stay as part of the UK or go independent. Thankfully in the end, people saw sense and we're STILL part of the UK.
I grew up in Scotland BEING part of the United Kingdom of Great Britain...this in many respects is a huge privilege. Just for starters, the British Passport provides hassle free passage to most countries most of the time. Being part of a bigger country is more stable than being in a small country full of elderly and benefit (welfare) sponges...my reasons go on but I shall not dwell on it.
BACK to the main reason to this small post!
It is currently Sunday 1:06am and the Gold price is £745.56 per troy ounce and Silver price is £9.88 per troy ounce.
By this time tomorrow, there will be a decision on whether or not the Swiss banks will need to buy back 1500 TONNES of Gold at the tune of several Billion dollars at the current price.
I do hope the turn out will be a "Yes" and that Gold will need to be bought back and repatriated...I believe that any country wanting financial/economical stability should have gold reserves and that their currency is also backed by gold. This ensures that you can't just print paper "money" without more gold to back it...(if I've perked your interest...https://www.youtube.com/watch?v=DyV0OfU3-FU)
On top of that I hope for two more things, the manipulation of Gold and Silver prices to implode and their prices to go to the point of where it should be. Equilibrium for the demand of these metals and the price has been offset...
I grew up in Scotland BEING part of the United Kingdom of Great Britain...this in many respects is a huge privilege. Just for starters, the British Passport provides hassle free passage to most countries most of the time. Being part of a bigger country is more stable than being in a small country full of elderly and benefit (welfare) sponges...my reasons go on but I shall not dwell on it.
BACK to the main reason to this small post!
It is currently Sunday 1:06am and the Gold price is £745.56 per troy ounce and Silver price is £9.88 per troy ounce.
By this time tomorrow, there will be a decision on whether or not the Swiss banks will need to buy back 1500 TONNES of Gold at the tune of several Billion dollars at the current price.
I do hope the turn out will be a "Yes" and that Gold will need to be bought back and repatriated...I believe that any country wanting financial/economical stability should have gold reserves and that their currency is also backed by gold. This ensures that you can't just print paper "money" without more gold to back it...(if I've perked your interest...https://www.youtube.com/watch?v=DyV0OfU3-FU)
On top of that I hope for two more things, the manipulation of Gold and Silver prices to implode and their prices to go to the point of where it should be. Equilibrium for the demand of these metals and the price has been offset...
Comments
Post a Comment