Dedollarization

Egon von Greyerz stated that the Fed may increase QE a shocking ten times in coming years. He also provided a fantastic gold chart

Hold your nerve. The reality is that we have been moving for several years to an informal Gold Standard in which gold takes its place once again as a central store of value – a currency of sorts – in the mix of sovereign reserves.

The gold prices are again under pressure. Another attack without any fundamental logic is happening on the paper markets for gold and silver, markets that have become unreal and fictitious

Egon von Greyerz told that when it comes to markets, “... nothing is real.” He also believes we are seeing a sucker’s rally in stocks.

Many large international banks, like Crédit Agricole, Commerzbank and UBS are announcing important losses for the last quarter of 2012

The correction in gold prices in December doesn’t seem to have scared China, since it imported a record amount of physical gold in that month.

So, how do you hold gold ? In a mutualized account ? Do you really have access to your gold ? Can you touch it ? Do you know the exact serial number of your ingots ?

A currency system must be based on an indisputable money base that doesn’t bear the mark of one country. There is only one standard that meets those criteria and that must be gold.

Egon von Greyerz told that Swiss gold refiners have been overwhelmed with orders for physical gold and buyers are now experiencing major delays in deliveries.

Prices have dropped in the days following the QE4 announcement, and there is normally no more positive news for the precious metals than the announcement of massive money printing.