Entry Submitted by David Lawn at 3:51 AM ET on October 13, 2023
Currencies world-wide are to be revalued and pegged to gold.
See for example the 2015 paper https://j.b5z.net/i/u/2018731/f/RV-GCR.pdf.
Some countries will have their currencies revalued upwards (example Iraq), some downwards (example USA).
See the picture (from the above pdf).
The currencies will then be 1:1 with each other, each currency has the same value, equal to a certain pre-defined amount of gold.
I like to think of there thus being a Global Currency Note GCN equal to USTN equal to IQD equal to VND etcetera.
When this GCN is effectively created it is assigned a value equal to a certain pre-defined number of grammes of gold.
Thus, monetarily, the price of gold is now fixed.
Gold trading exchanges for purchases such as for jewelry create something like a spot price that is expressed probably in GCN but will hardly have an effect on the GCN/gold price ration because it is not directly involved in the value of money.
What happens to the monetary value of the ounce of gold I have hidden under my mattress and wish to sell? If I go to the bank I get the pre-defined number of GCN for my gold. If I go to a gold dealer, a gold exchange, do I get more or less than at the bank? What does the price of gold mean now?
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2022 Dinar Chronicles