The Polish central bank has bought roughly 300 tonnes of gold in recent years to bring its gold to GDP ratio in line with the average in the eurozone. For medium and large economies in the eurozone, to which Poland might be included in the future, an equal monetary gold to GDP ratio is a covert requirement for nations to be prepared for a shift to a new gold standard. Based on these requirements I expect Poland to buy an additional 130 tonnes of gold.
Where does that leave the U.K. .. almost no gold reserves vs GDP .. and no longer in EU . Could this line the U.K. up as the epicentre of the coming monetary collapse ?
All jolly well, but you are referring only to the tip of the iceberg. From astute observers, circumstancial evidence implies that China may have, in toto, and hidden in various government institutions, not the least in Defence related ones, around 30.000t plus another 20.000t held by the public. Add to this the 12.000t held by Russia in a similar manner and then compare this to the putative UNAUDITED 8.000t held by the Americans, which may well, and certainly have more than one owner. So who will be the ultimate beneficiaries of a coming revaluation? The collective West's last futile attempt in piddling quantities to postpone the impending collapse of Bretton Woods resulting from the inescapable strangulation of the debt trap, or the nations which play the long game, chess and Go?
The problem with poker, is that eventually someone will call your bluff. So it goes...
Where does that leave the U.K. .. almost no gold reserves vs GDP .. and no longer in EU . Could this line the U.K. up as the epicentre of the coming monetary collapse ?
All jolly well, but you are referring only to the tip of the iceberg. From astute observers, circumstancial evidence implies that China may have, in toto, and hidden in various government institutions, not the least in Defence related ones, around 30.000t plus another 20.000t held by the public. Add to this the 12.000t held by Russia in a similar manner and then compare this to the putative UNAUDITED 8.000t held by the Americans, which may well, and certainly have more than one owner. So who will be the ultimate beneficiaries of a coming revaluation? The collective West's last futile attempt in piddling quantities to postpone the impending collapse of Bretton Woods resulting from the inescapable strangulation of the debt trap, or the nations which play the long game, chess and Go?
The problem with poker, is that eventually someone will call your bluff. So it goes...