Entry Submitted by MenoReno at 5:49 PM EDT on November 8, 2019
Well, Mike Cottrell's petition to the Lord of the WH is really an effort in futility. The 2013 Gold Treaty, which lapsed after its 5 years period, wasn't renewed.
The first Gold Treaty was ratified in 1999. The reason was, at the time, because the central banks in Europe were proposing to sell off large amounts of their reserves. The Brits were ready to dump 58% of theirs, and the Swiss and others were ready to sell various amounts, too.
So, in an effort to stabilize the market, the Gold Treaty was drafted and passed and renewed 3 times, finally expiring in 2019. It was not renewed because the gold market dynamics have changed. There are more players on the field and banks in Asia and the ME have been buying, not selling. As the treaty no longer served its function, it was not renewed.
Now, I don't know what MarkZ and Cottrell are thinking, but so far only 3432 people have signed their petition. That leaves them quite a way to go on their quest for 100,000 signatures. And for what? Even if Trump signed it as they claim, who's going to sign it outside of the US. Then, for it to go into effect, it would have to be ratified by the Senate.
Anyone think that's going to happen soon?
MenoReno
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______________________________________________________
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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 © 2019 Dinar Chronicles
Well, Mike Cottrell's petition to the Lord of the WH is really an effort in futility. The 2013 Gold Treaty, which lapsed after its 5 years period, wasn't renewed.
The first Gold Treaty was ratified in 1999. The reason was, at the time, because the central banks in Europe were proposing to sell off large amounts of their reserves. The Brits were ready to dump 58% of theirs, and the Swiss and others were ready to sell various amounts, too.
So, in an effort to stabilize the market, the Gold Treaty was drafted and passed and renewed 3 times, finally expiring in 2019. It was not renewed because the gold market dynamics have changed. There are more players on the field and banks in Asia and the ME have been buying, not selling. As the treaty no longer served its function, it was not renewed.
Now, I don't know what MarkZ and Cottrell are thinking, but so far only 3432 people have signed their petition. That leaves them quite a way to go on their quest for 100,000 signatures. And for what? Even if Trump signed it as they claim, who's going to sign it outside of the US. Then, for it to go into effect, it would have to be ratified by the Senate.
Anyone think that's going to happen soon?
MenoReno
______________________________________________________
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 © 2019 Dinar Chronicles
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