Dedollarization

The risk of a major war is now very high. The dilemma is that this is just one of many problems with potentially catastrophic consequences that the world is currently facing.

Totally irresponsible policies by Governments and Central Banks have created the most dangerous situation that the world has ever experienced. Risk doesn’t arise quickly as the result of a single action or event. No, risk of the magnitude that the world is experiencing today is the result of many...

Fake money has created a totally uneven playing field for most ordinary people.

Hong Kong Exchanges and Clearing Limited (“HKEX”) launched dual-currency (USD and RMB pricing and settlement) physical delivery Gold Futures Contracts (“Gold Contracts”) through its subsidiary, the Hong Kong Futures Exchange (“HKFE”), on 10 July 2017.

In the next 3-5 years most asset classes, be it stocks, bonds or property or just currencies are likely to lose 75% to 99% against gold and silver. Certainly not a risk worth taking.

The latest extremely bullish COT charts are not negated by the dollar being oversold here and some of its indicators looking positive. The bigger picture is that the dollar may be headed for a breakdown and severe decline or even a crash.

It is not only paper gold which is Fake. Few investors realise that most of their investments are Fake.

Incredibly, most investors see no danger in stocks, bonds, property and debt being at historcal highs. This is the most lethal concoction of bubbles that has ever existed in history. Of course, bubbles can expand further before they implode.

As of 7.30pm, 3,098 contracts had changed hands, 2,186 priced in yuan and 912 in US dollars

The gold rally that began on Dec. 15, 2016, is poised to continue despite the trauma of the flash crash. The crash represents a gift to investors. We now have a better entry point for what will still be much higher gold prices later this year.