Dedollarization

A short-term bounce in the US dollar, which suggests gold may continue to consolidate for the time being, should provide interesting entry points for those looking to profit from the resumption of the longer-term rally in the precious metal.

Germany’s gold investment market has boomed in the past 10 years. In the face of successive financial crises and loose monetary policy, German investors turned to gold to protect their wealth.

By having control of the physical market for gold, China can threaten to use it to destabilize the dollar, without destabilizing the yuan.

China and Russia know that it is only a matter of time before the dollar will lose its status as reserve currency. They also know that before this happens, the dollar will start crumbling and eventually disappear into a black hole resulting in an implosion of all the dollar assets and debts.

Gold is better than cryptocurrencies due to its durability and intrinsic value, explains American banking giant Goldman Sachs.

Don’t hold gold in a Swiss Bank or in any bank in any country. We regularly see examples both in medium sized and big Swiss banks that should make bank clients very concerned.

Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. Later in this piece, I am discussing 10 Factors which will make gold surge.

The traditional post jobs report rally for gold is in full swing. Gold arrived at a key Fibonacci line at about $1268 as the US jobs report was released.

China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over the world trade and finance. Wall Street and Washington are not amused, but they are powerless to stop it…

If the US cannot stop China from implementing its “oil – for yuan – for gold” program, then the fate of the US is at hand.