Dedollarization

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.

The fundamental and technical picture could not be better for gold and silver. Most governments’ deficits are escalating at a fast rate. Money printing worldwide is likely to accelerate rapidly and could reach exponential rises in the next 1-3 years.

The prices of gold and silver have dropped severely, November 28th 2012. Such a huge drop in less than a minute, only one day after options have expired, is quite hard to explain in a so-called free market in which no one is interfering.

The CME announced today a case of "force majeure" regarding one of its physical gold storage facilities, managed for the COMEX, located in the southern part of New York City, in an area that was inundated during the storm known as Sandy.

Turkey has admitted that the increase in its gold exportations is related in reality to the payment of gas imported from Iran.

Recep Tayyip Erdogan, Turkey’s Prime Minister, has suggested to the International Monetary Fund to replace the dollar by gold when lending to troubled countries.

Barack Obama and Ben Bernanke stand behind this policy of monetizing the public debt. Money printing contributes to the devaluation of the dollar and this is bullish for gold