Trump and a New Gold-Backed Dollar

by Tyler Durden

The petrodollar has lasted over 40 years, but the glue is losing its stick. We are on the cusp of another paradigm shift in the international financial system, a change at least as fundamental as what happened in 1971 when Nixon severed the dollar’s last link to gold.

Trump and a New Gold-Backed Dollar |BullionBuzz

White House with Gold Tulips

The relationship between Saudi Arabia and the US hit historic lows in 2016. It will get worse. Trump is the first president since the petrodollar system was enacted to be openly hostile toward the Saudis.

The death of the petrodollar system is a black swan event for 2017, and it raises the question: What will fill the void when the petrodollar dies?

Something has to replace it, and there are only two options: the IMF’s Special Drawing Rights (a basket of fiat currencies), or gold.

There’s only one way Trump could fight the global elites and their SDR plan: return the dollar to some sort of gold backing.

Trump has said favourable things about gold in the past, and so have some of his advisors, but it wouldn’t be easy. He’d face a struggle with the globalists, and winning would be far from certain.

No matter what, the death of the petrodollar, just like the end of the dollar’s link to gold, will be good for the dollar price of gold and gold mining stocks.

When Nixon took the dollar off gold in 1971, gold skyrocketed over 2,300%. It shot from $35 per ounce to a high of $850 in 1980. Gold mining stocks did even better.

Gold is still bouncing around its lows. Gold mining stocks are still cheap. Expect returns to be at least as great as they were during the paradigm shift in the international monetary system.


This Post Has One Comment

  1. Larry E Sherrill

    Gold backed dollar or currencies tomorrow. A banking instrument recognized by the Governments of the world could be created secured by gold in 16 psyche.
    The possession of the Gold in 16 Psyche is recognized as a possession on the governments when issued banking note. The same possession as if you had the gold in a Bank in the Grand Caymans.
    16 Psyche has enough metal to secure worlds reasonable debt. It can’t be robbed or lost. It is more secure than a bank. The Gold can be used only to back currencies in amount allowed by public committee.The only other use is to grow and maintain infrastructure. Governments must apply to committee for amounts for projects by public debate. The last recognized instrument is gold notes to fund the technology to create a space presence to reach, research, put up bases, and expand man’s presence in space, especially to go to and mine 16 psyche for only those metals to cover the notes that are put forward by a citizens committee
    Each nation on earth gets a potential portion of the asteroid to be decided publicly by a world citizens committee in public vote informed by economists. This is their only duty. All debate public, all lobbying on the record. Any private lobbying is illegal. Money puts gold standard on any real currencies,
    Business would prosper because infrastructure would no longer be a tax burden Or the whole tax burden. And business would be able to use the infrastructure that 16 psyche can grow,
    Governments who do not mistreat their citizenry would have gold backed currency and could be done tomorrow if done right would grow with the future.
    Further when at 16 psyche the metals could be used to grow a space fleet, mirrors to shunt sunlight away from a warming earth till the earth can heal itself. Send the heat to moons of Jupiter or Saturn or mars.
    If done in a completely equitable and public fashion the debts of the worlds reasonable recognized governments could be paid tomorrow. Yes including Russia. Cannot be used for military means, must come out of other pocket of governments. Buy back your straw man and be American Citizen again and not an instrument of the United States corporation.
    If I had gold in any bank in the world it is still my possession as security against any loans I might choose or as payment for goods or services. All that is necessary is that the world recognize the instruments and intent is to go there and obtain those metals necessary to be brought to earth and put into government bullion banks when real physical possession occurs.
    Can you let others own and mine this resource, there would be no end to their power and the fleet of space vessels generated there would be their alone. Now is your chance and this is the time.

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