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Post by Ponee on Wed Jul 03, 2019 10:06 pm


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Post by Purpleskyz on Wed Jul 17, 2019 11:38 pm

coffee

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Post by dinarstar on Fri Jul 19, 2019 12:42 am

so there we have it Smile

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Post by ChrisB on Fri Jul 19, 2019 3:11 am

So my  question is. This video was made 8 years ago . There was no talk back then about gold backed currencies. No talk of Brics. All there was was a phony president of the US and Criminal Prome Minister of Iraq in Maliki so why is Iraq buying gold . For what purpose. Why is everyone buying gold> Cottrell says countries currency will only be gold backs and not oil backed. Not sure if that is right but everyone is buying gold. Why would Iraq  need gold when they have oil?

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Post by RamblerNash on Fri Jul 19, 2019 9:58 pm

@ChrisB wrote:So my  question is. This video was made 8 years ago . There was no talk back then about gold backed currencies. No talk of Brics. All there was was a phony president of the US and Criminal Prome Minister of Iraq in Maliki so why is Iraq buying gold . For what purpose. Why is everyone buying gold> Cottrell says countries currency will only be gold backs and not oil backed. Not sure if that is right but everyone is buying gold. Why would Iraq  need gold when they have oil?
Countries don't back their currency with oil, so Cottrell is wrong...
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Post by RamblerNash on Fri Jul 19, 2019 9:58 pm

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Post by ChrisB on Fri Jul 19, 2019 10:42 pm

Cottrell did not  say that. He said only gold will back currency. We are going from Fiat money to gold backed money. Why is Iraq  buying gold like China and every other country. Everyone is getting off the FED Dollar> Fed will be gone. Money will have value . Ist time in 50 years. What reason would Iraq have for buying gold??  other than to back their money.

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Post by RamblerNash on Mon Jul 22, 2019 11:56 pm

The Central Bank of Iraq strengthens its reserves of gold


 September 05, 2018

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The Central Bank of Iraq announces the strengthening of reserves of gold (6.5) tons (six tons and a half tons) to become the total balance of gold 96 tons, as part of the policy of managing the reserves pursued by the bank in the diversification of investment assets .
An authorized source at the Central Bank of Iraq said the bank had invested in the fall of precious metals to carry out the purchase of the additional quantity, which was made in cooperation with the French Central Bank .

https://cbi.iq/news/view/836
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