Author Topic: 2017 ANA Show Medals  (Read 4771 times)

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Offline pandamonium

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Re: 2017 ANA Show Medals
« Reply #30 on: September 04, 2017, 09:19:56 PM »
Continual rumors of the Yuan tied to gold....When this happens, MCC and all Chinese coins/medals will go to the moon...

jsmineset  "China sees new world order with oil benchmark backed by gold."   from the Asian Review....

Kitco  "Golden Yuan; crude backed by gold is here."    from Market Slant...

many authors write about it now so it will go mainstream news soon.....some think it will happen before end of this year and others say next year or in 2 to 3 years......

N. Korea will cause gold/silver to jump up.     MCC supply maybe in Germany now....

Offline bonke

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Re: 2017 ANA Show Medals
« Reply #31 on: September 04, 2017, 09:47:50 PM »
Please explain what it means to have oil backed by gold.  Many years ago, our currency was backed by gold or silver.  We could take our paper currency to a bank and receive gold or silver in exchange.  Will we be able to take a gallon or barrel of oil somewhere and receive some gold.  Will we pay for oil with gold?  Obviously, I do not have a clue.

Mark Bonke

Offline KeyDate1/2ozPandas

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Re: 2017 ANA Show Medals
« Reply #32 on: September 04, 2017, 10:54:37 PM »

https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-with-oil-benchmark-backed-by-gold?page=1

China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold in what analysts say could be a game-changer for the industry.

The contract could become the most important Asia-based crude oil benchmark, given that China is the world's biggest oil importer. Crude oil is usually priced in relation to Brent or West Texas Intermediate futures, both denominated in U.S. dollars.

China's move will allow exporters such as Russia and Iran to circumvent U.S. sanctions by trading in yuan. To further entice trade, China says the yuan will be fully convertible into gold on exchanges in Shanghai and Hong Kong.

Offline bonke

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Re: 2017 ANA Show Medals
« Reply #33 on: September 04, 2017, 11:08:38 PM »
Arif

Thanks for the information. 

Several years ago, I took a large stack of yuan / RMB to the coin market in Beijing and exchanged it for modern Chinese gold coins.  In the near future, I may be able to take another stack of yuan to Hong Kong and exchange it for some type of gold.  Hmmmm!  Obviously, I prefer gold bullion or coins over mere paper.

Mark Bonke

Offline pandamonium

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Re: 2017 ANA Show Medals
« Reply #34 on: September 05, 2017, 08:58:34 AM »
This will have very negative effect on the USD and very positive for the Yuan.      IF/When the world converts to the Yuan then MCC and all Chinese will scream higher then keep on climbing.      After all China owns the US manufacturing/gold so they are wealthy while the US is flat broke thanks to corruption and short term huge profits for a few......
It is very wise today to own Chinese money before the mass sheeple herd wake up....

Offline bonke

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Re: 2017 ANA Show Medals
« Reply #35 on: September 05, 2017, 12:35:34 PM »
Back on topic, has anyone seen or purchased the 1oz gold medal distributed by Modern Coin Mart?  If so, how does it look?

Mark Bonke