I am part of the 90% who do not know this. I hoard a small amount of gold. Other forum members hoard small amounts of gold. We are all frightened about the unknown future. Does the US government, the PRC government, the Russian government or the Indian government hoard gold? Are they also frightened? I do not know. Recently, I heard people speculate about the Ft. Knox hoard. Recently, I heard about large gold bars in London which proved to be plated. Recently, I have heard about the significant decrease in gold purchases in India due to the Covid 19 isolation policy and the decline in wedding ceremonies. A gold or silver backed currency is impossible with the size of the economies in the world. Impossible. Possibly, I do not agree with Pandamonium and others which see the rise of the yuan in China or any other currency which would be backed by gold or silver or platinum. This thinking is 50 years removed from the reality of our massive population and massive economies.
I hope this may lead to discussion as smarter members of this forum explain to me why my comments are not based on reality.
Mark Bonke
