Tuesday, June 11, 2019

‘In Gold We Trust’: Waning confidence in US sends world’s central banks on buying spree — Darius Shahtahmasebi


I think this is partly correct. Probably more significant is the weaponizing of the USD in the economic aspect of hybrid warfare that the US is now carrying out against a number of countries a
d sending a message that "you are either with us or against us" (ht G. W. Bush). Wars run two ways.

Historically, gold has been the most secure reserve asset — the ultimate in safety, if one can protect one's gold holdings. Powerful nations are betting that they can do do in the event of loss of trust in the USD as "fair coin."

RT
‘In Gold We Trust’: Waning confidence in US sends world’s central banks on buying spree
Tyler Durden

Not just government buying.

Zero Hedge
Indian Gold Demand Surged In April And May
Tyler Durden
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1 comment:

Andrew Anderson said...

Historically, gold has been the most secure reserve asset — the ultimate in safety, Tom Hickey

1) The demand for fiat is artificially suppressed in that only depository institutions may use it except for mere physical fiat, aka "cash."

2) Being a private asset class, central banks should be forbidden to even buy gold.

3) Imagine the needless environmental destruction from gold mining because 1) and 2) are ignored.

Safety? Then:

Ezekiel 7:19: They will fling their silver into the streets and their gold will become an abhorrent thing; their silver and their gold will not be able to deliver them in the day of the wrath of the Lord. They cannot satisfy their appetite nor can they fill their stomachs, for their iniquity has become an occasion of stumbling

The irony is that those who fail to worship justice (including ethics) should worship stupid metals instead.

June 11, 2019 at 5:46 PM

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