Dedollarization

The Financial Conduct Authority (FCA) condemned Barclays bank this Friday to a 26 million-pound Sterling (32 million euro-) fine for attempting to rig the gold market.

There always is this media noise, constantly repeating itself, about optimistic growth predictions, but only real results should count, and they are not good at all.

The Fed is trying to control the price of gold below $1,300 and the price of silver below $20. Every time the Fed speaks flash crashes in gold and silver happen, which has probably kept the dollar from falling more as a consequence.

They say that gold is a geopolitical metal. Gold is real money with no counterparty risk and, furthermore, an excellent wealth preserver in time and space. Like fiat currencies (dollar, euro, yen, Yuan etc.), gold’s price is also influenced by political events, especially those having an internat...

The best way to avoid this manipulation is to compare real things without using the official virtual currency (dollar, euro, etc.). Gold has always been the medium of exchange that is least likely to create inflation.

Fabrice Drouin Ristori interviews silver market expert David Morgan about the silver price manipulation, the coming big reset of the international monetary system and the financial markets

Charts by Nick Laird. Chinese Gold Imports From Hong Kong

I am going to try to explain the backwardation, a very technical aspect of the gold and silver market, albeit a very important one, if one wants to understand their price evolution.

The gold price is driven down in the paper futures market by naked short selling by the Fed’s dependent bullion banks.

There is no doubt that our actual international monetary standard based on the US dollar, in place since the breaking of the Bretton Woods accords in 1971, is living its last days. What will replace it?