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Saturday December/28,/2019 - 7:12AM (UTC) Never as in 2019, in anticipation of an upcoming global financial crisis, more serious than that of 2008, the major central banks and one percent richer than private individuals have purchased physical gold, often anonymously, if it is true that 1,200 tons of "inexplicable" gold reserves are out of any control. And, never as in 2019, cash was hoarded (and hidden). It is estimated that at least 60% of the $ 1.7 trillion in cash in circulation in 2018 (up from $ 1.2 trillion five years earlier) was first taken offshore from the U.S. domestic market and then literally gone. At the same time, a large part of gold ETFs (securities representing physical gold) was disinvested, in the well-founded fear that they are actually only partially covered (perhaps not more than 3%), a clear finding based on the ratio between the nominal value of ETFs and quantity of gold available.

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