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<p>[QUOTE=&quot;NorthKorea, post: 1560532, member: 29643&quot;]So that you don&#039;t try to hide behind the curtain of being misquoted, I included your entire post and my entire post. I never implied that you said it&#039;s happening now. I removed your qualifiers, simply because of lack of relevance. </p><p><br /></p><p>It doesn&#039;t matter when the supposed gold run starts. The reality is that gold ISN&#039;T needed for anything at this point. There are comparable alternatives for all uses of gold, and this would mean a supplanting of gold as a basis of trade, if ever there is a complete breakdown of federal reserve gold holdings. Additionally, gold holdings are political and not economic.</p><p><br /></p><p>The US dollar is backed by all US holdings, including land. If there is no gold at the Fed, we buy it on the open market or trade swaps. It doesn&#039;t matter. If it&#039;s delivered, it still doesn&#039;t matter. In many ways, the use of gold in bullion is tradition rather than resulting from practicality.</p><p><br /></p><p>Anyway, the point wasn&#039;t that REMG or PMG elements would be used specifically, but more so that something would replace gold. Look at petroleum. For decades we&#039;ve known about proven nat gas reserves in the US, but no one cared until we hit peak oil. And because the auto industry had excess petrol driven supply, we still used/subsidized oil well into peak oil (six years now?). Anyway, it&#039;s likely that the governments have been discussing a new bullion metal (platinum / palladium) for use in reserve coinage. We don&#039;t know, and, for the most part, it won&#039;t affect us.[/QUOTE]</p><p><br /></p>

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