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Jan Nieuwenhuis: Europe is preparing for a new gold standard
By Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Friday, November 8, 2024
Countries outside the eurozone but inside the European Union -- that is, those that one day might join the eurozone, like Poland, Hungary, and the Czech Republic -- are positioning for a new gold standard.
To prepare for a monetary system based on gold, they are buying gold to equalize their reserves to the eurozone average. This balancing of gold reserves in Europe is a key topic I have written about extensively.
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And now, additional evidence of these plans has come out, this time from Konrad Raczkowski, former minister of finance of Poland.
Raczkowski recently argued that official gold reserves in Europe must be evenly distributed relative to gross domestic product, which "in the near future ... will be the new gold standard."
His statement adds to a vast body of proof regarding Europe's preparations for a gold standard. ...
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