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Alasdair Macleod: Gold's return as money
By Alasdair Macleod
GoldMoney. Toronto
Thursday, February 16, 2023
The consequences of Russia and her Asian allies embracing gold backing for their currencies are poorly understood in western capital markets. This move could lead to the destruction of the global fiat currency system.
According to evidence which is widely ignored in Western capital markets, a move by Russia to put a new trade settlement currency and possibly the rouble as well onto a new gold standard is becoming a certainty. As this is a weapon of mass fiat currency destruction, the timing is probably bound up in on-the-ground military considerations, which are already showing signs of escalating in eastern Ukraine.
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As well as using gold to undermine the western currency system, a return to a credible gold standard has significant advantages for Russia and for her allies in the Shanghai Cooperation Organisation, the Eurasian Economic Union, BRICS+, and all their commodity suppliers beyond Asia. At the same time, it would destroy the West's fiat currencies and financial system.
This article explains how one part of the global economy can thrive while the other collapses. ...
... For the remainder of the report:
https://www.goldmoney.com/research/gold-s-return-as-money?gmrefcode=gata
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