Treat as a Bruce rumor. Not varafied. Your opine.
18/10/2018 Bruce The Goose...
Our USD is also now gold backed and we call it USTN, United States Treasury Note. Every few people call it that. Most people call it USN. I been told the new term is on this call is United States Treasury Note, USTN.
We heard as a result of what Neil Kennan did as a result of his announcement today that real money which I take to mean real gold back USTN money started flowing out of Big Reno, out west today at about 2:30 EST . That would have been before lunchtime out west.
What Neil did which is 4am EST overnight, he signed off all the paperwork that gave him the responsibility to take over as Trustee over all these gold assets. Then today at 3:08:19 EST he did an announcement that explained sort of what he was doing and what it meant for the world in the assets back currencies.
1-8-2016 Newshound/Intel Guru BGG ...if they are willing to GIVE UP GOLD from their reserves... for IQD - that means they are "buying" - they must think it has VALUE... This is the CBI mind you. the basic premise is this - the CBI is willing to trade GOLD for IQD...that only says one thing to me.
1-8-2016 Newshound Guru wmawhite Quote: "Central banks are buying gold coins called gold and confirms the arrival of the 100 dinar coin" ...this new CBI announcement appears to be straight forward and is in keeping with what they said they would do four weeks ago. At that time the CBI stated that 70% of all of the currency that is out in Iraq was being kept by individual citizens and that they (CBI) had plans to draw that currency into the banks. Well, here it is. However, what is more amazing is what appears to be the placing of a value upon the individual dinar based upon a world accept value of gold. If the translation is correct the CBI is stating that they are selling 15 and 25 gram coins for 100 IQD and 250 IQD. The current spot price of gold is $1,100 per ounce. 25 grams is .77 oz. .77 of $1,100 is $847. Divide $847 by the 250 IQD and you have an equal value of $3.38 per IQD. Interesting that the CBI would offer an accepted asset of great value for a currency of less value UNLESS the value is in the process of changing.