You are here
Will the U.S. now try to overthrow Malaysia's prime minister too?
'Gold Is More Stable': Malaysia Needles U.S. with Proposal for Pan-Asian Bullion-Backed Currency
From Russia Today, Moscow
Friday, May 31, 2019
Malaysian Prime Minister Mahathir Mohamad has floated the idea of creating a gold-backed common trading currency for all of East Asia, slamming regional currency exchange as "manipulative" and criticizing the United States' heavy-handed foreign policy. ...
Libyan leader Muammar Gaddafi proposed a pan-African gold dinar that would be used to sell the country's oil on the world market in 2009, less than two years before his government fell to a NATO-backed regime change operation that has left the once-prosperous nation a conflict-ridden war zone.
... Dispatch continues below ...
Hedging Against Volatility: Should You Consider Gold?
As investors look for ways to better manage risk and returns, one option could be to add gold to a portfolio. The yellow metal has historically moved in the opposite direction of the stock market and is often perceived as a safe-haven asset. There are many ways to invest in gold: through miners, explorers, physical gold, exchange-traded funds, and more.
In their upcoming webcast, U.S. Global Investors and ETF Trends will take a deep dive into investing in gold, highlighting a fund strategy as well as royalty and streaming companies, which many consider to be the "smart money" of the space.
The webcast will begin at 2 p.m. Eastern time, 11 a.m. Pacific time, on Thursday, June 27. To register to attend, please visit:
https://www.etftrends.com/webcasts/hedging-against-volatility-should-you...
One of the "moderate" rebels' first actions upon brutally murdering Gaddafi was to create a central bank to replace the state-owned monetary authority that had previously managed Libya's wealth.
The United States has historically not taken kindly to countries that attempted to trade oil in non-dollar currencies, as Iraq's Saddam Hussein can attest -- or could, if he hadn't been regime-changed as well.
Syria too dropped its peg to the dollar in 2007, not long before the West went from awarding Bashar al-Assad the French medal of honor to declaring him a bloodthirsty monster.
... For the remainder of the report:
https://www.rt.com/business/460698-malaysia-proposes-gold-forex-currency/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
