Gold Price at $27,533 is Not Some Random Guess Says Currency Wars’ Jim Rickards

Daniela Cambone:  6-3-2024

“If you have to go back to a gold standard, yeah, $27,000 would have to be the [gold] price in order to avoid massive deflation,” says Jim Richards, New York Times bestselling author.

He explains to Daniela Cambone that it’s “more likely” we will return to the gold standard as people lose confidence in fiat currency.

 Moreover, as the money supply skyrockets while the supply of gold remains the same, the price of gold is propped up. He also states the danger when Russia reiterates the West by suing Euroclear, the largest clearing, settlement, and custody organization in Europe.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 3 June 2024

Compiled Mon. 3 June 2024 12:01 am EST by Judy Byington,

Timing:  (Rumors/Opinions)

On Sun. 9 June 2024 the Petrodollar Ends – no need for nations to hold US Treasuries as the Global World Reserve Asset in oil trade: The U.S. Treasury bond market is funded off the World needing dollar reserves aka bank derivatives (off balance sheet dollars). When the Petrodollar ends on June 9th, there is no need for the world to hold U.S. Treasuries as the global world reserve asset in the oil trade. The Japanese Yen will hyper-inflate against their U.S. Treasury holdings. Japan will be forced to liquidate all their dollars.

Is the Gold Standard Coming Back?

AMPEX:  6-2-2024

For the first time in 25 years, a country has released a gold-based currency.

The United States officially left the gold standard in 1971, and Switzerland was the last to abandon it in 1999.

But on April 30th, Zimbabwe officially launched its gold-backed currency, Zimbabwe Gold.  Zimbabwe Gold (ZiG, for short) is the world’s first gold-backed currency in two and a half decades but marks Zimbabwe’s sixth currency attempt since 2009.

While this one claims the security of gold, something the previous five failed currencies didn’t have, there’s more to it than meets the eye.

Watch this video to learn more about ZiG and why BRICS is probably closely watching the currency’s success or failure.

TNT:

Tishwash:  Iraq participates in the OPEC+ coalition meeting in Saudi Arabia

Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul-Ghani participates in the OPEC+ alliance meeting, which begins its work in Saudi Arabia today. 

Al-Hayani’s media office stated in a statement received by {Al-Furat News}, “The meeting discusses developments in the oil market, a general assessment of OPEC+’s actions over the past, and future expectations.  link