Dr. Kevin Bethel

by Dr. Kevin
(Freeport, Bahamas)

I could understand how Iran and China could make any agreement they feel is mutually beneficial trade. The real alarm will be when any other country like India, Russia, or Brazil also settles a trade with Iran using Yuan.

I expect that just as India settled with gold and now China settled with Yuan, so will Russia and Brazil settles with their gold or their own currency. When each of them have traded in their own currency, and the whole market didn't explode...Then they will talk about some other unified currency to challenge the US dollar. I would hope that precious metals are a significant part of that equation or it will just be another fiat currency dooms to fail in time. Maybe it would be best it precious metals were left out of a BRIC trade unit because it would likely get of with a bang and then fade in a few years...Then everyone in a single generation would see the birth and death of a fiat currency. Then a true precious metal currency would be almost universally accepted without half attempts that may fail and scare people back into another fiat currency.

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Oct 15, 2015
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May 21, 2012
Not enough gold
by: Anonymous

The issue of 'not enough gold' is easy to fix with a higher price - which the market will impost eventually anyway. It's simply a matter of time.

May 21, 2012
Petro $dollar
by: trasfocash

One - there isn't enough gold inthe world to back
all currencies. Even if ya picked so many countries with gold backing, it'd be tough to value all (IE: look at Euro). I read last year the head dude at IMF said it would be good idea to have currency(s) backed "fractionally" by gold,
then recieved heat on his comments,& kinda backed away.This is worse time ever on Our World Reserve Currency AND the Petro-dollar! We have pressed too hard & bullying many countries that They Better NOT deal with Iran ~~or else! On 6-28 Any countries dealing with Iran, will NOT be able to
use "SWIFT" which countries need for financial
transactions. So~ what-do-ya expect these countries to do when they NEED OIL & little or no
alternatives, let alone piss off Iran for future
dealings ? Everyday there is/will be more countries dumping use of $USD, & inventing the Newest bartering systems & trading with various currencies! This is/will be a giant leap for China's Yuan worldly's acceptance! We are speeding our
OWN demise of the dollar & of course the "Coveted
World Reserve Currency" Then all heck will break loose! Good Luck & Fortune to you all.

May 19, 2012
Thanks Dr. Kevin! AGREED!
by: SilverLugNut

Simple: "The first sovereign nation to adopt a true, real, gold & silver standard currency WINS!"

I would enjoy everyone's take on this subject!

What would happen? Would EVERYONE buy that country's currency immediately! How would it effect their comps with other nations? Would they run out of currency, and be forced to buy more on the open market to make their money?

Thank you for thinking about this one...SLN - Michigan

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