Central banks

If countries are unable to obtain dollars for their Central Bank reserves, they will have to look for a substitute. And the only substitute will have to be GOLD.

Why should we ever listen to any of these self-important central bankers. They are consistently inaccurate in their forecasts and policies. Their timing is always wrong as they are always behind the curve.

The leadership of the Hungarian National Bank (MNB) has decided to bring back home Hungary’s gold reserves.

Since the two coalitions that won are euro-sceptic, very critical of the euro and against immigration, this means that 70% of Italians are dissatisfied with Rome and Brussels policies.

Gold is hated by governments around the world because it reveals their deceitful actions in totally destroying the economy. It is not an accident that gold is the only money which has survived for 6,000 years. Gold is the only money that tells the truth. And gold is nature’s money which means it...

Some investors who bought gold and silver around the highs in 2011-12 might be impatient. But if they realised that they are holding the best insurance that money can buy against all the coming problems in Pandora’s Box, they should feel extremely content.

Russian Central Bank gold reserves rise to 1,857 tons in january, passing People’s Bank of China’s 1,843 ton gold hoard.

2018 is likely to be the year when the 2007-9 crisis returns with a vengeance. But this time it will be a lot more serious. Central banks will panic and print money at a level never seen before in history leading to collapsing currencies and hyperinflation.

Gold prices climbed nearly 2 percent on Wednesday, rebounding from early losses that followed stronger-than-expected U.S. inflation data, as the dollar surrendered gains and equities swung higher.

We are now in the final phase of manic euphoria. Within the next 6 to 18 months the euphoria will turn into dysphoria as 100 years of economic mismanagement and manipulation come to an end.