ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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There appears to be a movement to do this, especially with the recent delays in physical delivery in London and someone in the US taking massive delivery as of late. But there is something else going on, and I suspect is has to do with BRICS wanting to create a currency that is partially backed by gold. Any fiat currency that doesn't provide that valuation floor will eventually suffer the effects of not doing the same. There is also the issue that if we audited the gold (and actually found it all to be there...) and marked it up to marked that the overall picture of the debt level in the US would look drastically different for the better since the gold is part of the US balance sheet.
Will it happen? Who knows. It has real implications for Gold ETFs and those holding short positions on gold and silver.