A lot of people think about gold as a percentage of a country’s total reserves. They are surprised to learn that the United States has 70 percent of its reserves in gold. Meanwhile, China only has about 1 percent of its reserves in gold. People look at that and think that’s an imbalance. But those are not very meaningful figures in my view. The reason is that a country’s reserves are a[...]
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Will Gold Be Part Of A New International Monetary System? – Koos Jansen
Anyone who has been paying attention to the global economy the past years can agree with me our central bankers have conducted miserable monetary policy and have taken the insufficient measures to fight crises. All major economies have embarked in printing unprecedented quantities of money, but the only thing they bought was time. Quantitative easing on such a scale is like kicking the can[...]
IMF Now Ready To Slam The Door On The U.S. And The Dollar
Editor's Note: Owning physical precious metals and safeguarding them in a non-bank depository is best defense. By Brandon Smith As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our sociopolitical structures. However, while most of[...]
Even The BIS Is Shocked At How Broken Markets Have Become
Not a quarter passes without the Bank of International Settlements (BIS) aka central banks' central bank (also the locus of some of the most aggressive manipulation of gold and FX in human history) reiterating a dire warning about the fire and brimstone that is about to be unleashed upon the global economy. It started in June of 2013, when Jaime Caruana, certainly the most prominent doom and[...]