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In January, 2003 Jim Sinclair wrote a prophetic article about Federal Reserve Gold Certificate Ratio (FRGCR), a.k.a the "Gold Cover Clause," that foretold what is the crisis we have now, with his analysis at the time of using FRGCRs, all of which he now suggests may finally be under consideration during the G20 meeting this weekend, therefore worthy of your review:
Nov 16 11:22 am
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All Comments by Geodan »What Does the Recent Saudi Gold Rush Mean? [View article]
www.gold-eagle.com/edi... with a follow up article, www.gold-eagle.com/edi....
Jim's MineSet website, www.jsmineset.com/, has the updated article, "The Mother Of All Crises: Gold Moves Back Into The Monetary System" regarding today's possible use of the FRGCR.
This would be a G20 agreement linking the M3 dollars to a gold value ratio of M3 to U.S. Treasury gold ... a brand new ballgame with a new set of implications. This could be the underlying reason for the Saudis, Iran and China buying gold, and for others recently reducing short positions in gold.