News
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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