Dedollarization

This is it! The autumn of 2018 will be momentous in the world economy, markets and politics. We are now seeing the Last Hurrah for stocks, bonds, the dollar and most asset markets.

The Reserve Bank of India (RBI) has bought gold for the first time in nearly a decade, signalling that the metal could be in demand as a store of value when returns and capital values of fixed-income bonds are declining in a rising rate environment.

Owning physical gold for wealth protection purposes is the best preserved secret in the West. In this part of the world, virtually nobody holds gold. At the same time, the wise people in the East continue to buy all the gold that is produced annually. China, India, Iran, Turkey, Russia and many m...

Analyzing the silver market, without taking into account the ongoing monetary reform, and the will expressed by the governor of China’s central bank, makes no sense.

Financial and precious metals expert Egon von Greyerz is sounding the alarm about record breaking global risk and warns, “With this risk, people have to take insurance."

The shortage is here. It is a fact. In the weeks to come, you should find many articles to read about the growing delays in delivery of silver. There should be real problems for delivery at the end of September and the beginning of October.

The silver price is still under $ 16 today, but it won’t last long at that level. With an open interest around 1 billion ounces on the Comex, there will be a huge SHORT-SQUEEZE before the end of the year. Remember, the rule for silver as for gold : if you don’t hold it, you don’t own it.

With debt bubbles in the US, Europe, China, Japan and Emerging Markets, the world is likely to drown in printed money in the next 2-5 years. At that point gold could easily be 175 million Dollars, Euros or Yen. That level is of course meaningless in real terms.

For the yellow metal to constitute real wealth insurance, it must be acquired through a commercial partner in position to offer a certain set of guarantees.

It is absolutely unreal how the world pays so much respect to mediocrity or even incompetence when it comes to running the financial system. Central banks and their heads have created this monster balloon which is now waiting to be popped.