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Silver Wheaton Corp. Message Board

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  • dalerobin777 dalerobin777 Dec 10, 2012 5:52 PM Flag

    More Quantatative Easing Coming?

    Wonder if there is any facts to back the rumors of China and or India issuing gold-silver backed curriency.

    Sentiment: Hold

    • I think that the sole purpose of the Shanghai Cooperation Organisation is to establish the foundation for doing exactly that. At present, however, it is more likely that the currency will only be partially redeemable in gold and/or silver, say 40%, but probably less. The remainder would be exchanged in some other fiat...if you wanted it. Of course, I'm thinking that as soon as this is rolled out, any and all other fiat will be served a death blow.....Oh Happy Day.

 
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