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04.02.26 - 10:24
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Gold Giant Bundesbank Signals An Open Vote Of No Confidence in Global Monetary Stability (ZeroHedge)
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Gold Giant Bundesbank Signals An Open Vote Of No Confidence in Global Monetary Stability
Submitted by Thomas Kolbe
The German Bundesbank hoards the second-largest gold reserves among central banks. The precious metal serves as an insurance policy for both states and private individuals. Its massive price surge shows that the dice have already been cast: governments will attempt to inflate their debts.
Anyone acquiring precious metals in these weeks simultaneously casts a verdict on their currency. This may be a conscious portfolio decision or simply an undefined desire to have a monetary insurance policy at hand. One never knows what the future holds.
Gold jewelry or collectible silver coins are aesthetically appealing and trigger our instinct to collect. What private purchases and the massive hoarding of gold by central banks share is their monetary-policy background.
In honest moments, looking at the soaring global sovereign debts and escalating geopolitical conflicts, we know that our monet...
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