>>4280876 prev

Yes.

Gold shall destroy FED.

Q

It would be a GRAVE ERROR to speculate in Gold on the basis of this drop

Firstly, the USA, Russia and China have ALREADY bought up significant stores of gold.

Secondly, this likely does not mean what you think it does.

Most likely FED means Foreign Exchange Department.

Because if USA, Russia and China all simultaneously move to a gold-backed currency,

It will NO LONGER BE POSSIBLE to make money arbitraging the fluctuations in foreign exchange rates.

No real impact on the Federal Reserve

But it would DESTROY every bank's Foreign Exchange Department