Re: Turkey Will Repatriate All Gold From The US To Ditch The Dollar
Reading through the article gave me an understanding of what I have been ignorant about before on this gold issue being the bedrock of currency. There was this movie I watched in the past that was directed at moving gold from the community thereby making their currency worthless. But why on heart would a country go ahead and put its own gold in the custodian of another country?
Because in some cases , like Germany for example, the gold was never in Germany.
All that gold that might be "repatriated" comes from the economic trade surplus West Germany had with the US and was stored there because they feared a soviet invasion.
Its a good move turkey is taking.U wonder why they stored their gold in a another country in the 1st place.partainin ditchin the dollar;its very hard to ditch the dollar when you are backed by only 20billion worth of gold
It's just propaganda and it's massively blown out of proportion by the Russian media who are not stopping a second from chanting the "usd is dead" song. Probably the $ is the only currency that has "died" more times than BTC.
Which one is on it's dying bed , the Turkish lira or the $?
