Moving Past the Dollar & DEPRESSED SILVER Price

According to Alan Greenspan (Below) who was the US Treasury Secretary for many years

 http://www.foreignaffairs.com/articles/142114/alan-greenspan/golden-rule

"If China were to convert a relatively modest part of its $4 trillion foreign exchange reserves into gold, the country's currency could take on unexpected strength in today's international financial system. It would be a gamble, of course, for China to use part of its reserves to buy enough gold bullion to displace the United States from its position as the world's largest holder of monetary gold. (As of spring 2014, U.S. holdings amounted to $328 billion.) But the penalty for being wrong, in terms of lost interest and the cost of storage, would be modest. For the rest of the world, gold prices would certainly rise, but only during the period of accumulation. They would likely fall back once China reached its goal."

"If the dollar or any other fiat currency were universally acceptable at all times, central banks would see no need to hold any gold. The fact that they do indicates that such currencies are not a universal substitute. Of the 30 advanced countries that report to the International Monetary Fund, only four hold no gold as part of their reserve balances. Indeed, at market prices, the gold held by the central banks of developed economies was worth $762 billion as of December 31, 2013, comprising 10.3 percent of their overall reserve balances. (The IMF held an additional $117 billion.) If, in the words of the British economist John Maynard Keynes, gold were a “barbarous relic,” central banks around the world would not have so much of an asset whose rate of return, including storage costs, is negative."http://www.foreignaffairs.com/articles/142114/alan-greenspan/golden-rule

 

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The Other confirming active factors are the work arounds not using Dollars for trade:

http://rt.com/business/191716-record-world-deb-crisis/
"China has long had direct currency trade with the United States, and in recent years has added Japan's yen, the Australian dollar, the New Zealand dollar and Malaysian ringgit." http://rt.com/business/191716-record-world-deb-crisis/

Lets Look at the recently depressed silver price @ around $17.00 with David Morgan:
LINKhttps://www.youtube.com/watch?feature=player_embedded&v=z0MRRJSjWT8
https://www.youtube.com/watch?feature=player_embedded&v=z0MRRJSjWT8


GnS+RESEARCH