Sunday Lunchtime Opinions @ 1:20 PM CDT - 7/03/2022

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON 

 

 

*** Pimpy  ...The rumor is Iraq is thinking about going to the gold standard which would be huge. But one of the things they want to do is they have to find a way to start lowering the number of dinars that are in circulation. The good news is that they're not going to replace the dinar which is the biggest fear.  But what they're looking to do is reduce the amount in circulation. I have not heard how that's going to happen.  [Post 1 of 2....stay tuned]

 

*** Sandy Ingram  Article: "Iraq Ranked 30th in the World And Fourth In The Arab World With Central Bank Gold Reserves" The Central Bank of Iraq has quietly been buying more gold for Iraq...The Central Bank of Iraq has moved up 10 spots on the table of countries with the most gold reserves...Iraq said in a statement that the purchase of new quantities of gold is an increase of 35%...