Dedollarization

A Bundesbank exhibit pays tribute to Germans' deep-seated love of the precious metal while honoring postwar economic prowess.

Many banks are ailing in Europe, notably in Italy, Greece and Spain, but Deutsche Bank, sitting at the core of Europe’s largest and most competitive economy, is like an atomic bomb that could spark a worldwide financial crisis, just like Lehman Brothers did in the past. Even Mario Draghi, ordinar...

For many years I have warned people about the coming risks and changes that the world will experience. Very few people are aware of these risks and even fewer understand them. In this piece, I will make an attempt to summarise what I see coming.

It is certainly not a coincidence that this trade war started right before the oil trading in Yuan begun. Eventually this will lead to the demise of the dollar and a major power shift from West to East as well as much higher gold prices.

Counterfeit gold coins have been around since the coinage of gold first started in the Greek city of Lydia around 600 BC. Fake gold bars and coins are ubiquitous and many owners of gold are not aware that they have fake gold.

Over the last 100 years, governments and central bankers have made the investment markets into a casino with only winners which primarily have been the bankers themselves.

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.

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.