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Red Gold: China’s Stealth Plan to Use Gold for World Domination
Red Gold: China’s Stealth Plan to Use Gold for World Domination
Gold used to be important.
During and after World War II, every major developed country amassed as much physical gold as they could. It stabilized currencies and signaled independence.
But with the end of the gold standard in 1971, most countries began to sell off their reserves.
So much so that in 1999, an agreement was formed to limit the amount of gold that central banks could sell. Fast forward to today, and Canada’s central bank owns ZERO gold.
Despite the agreement, most countries continued to shed their gold reserves as fast as possible.
That is until a few years ago, when a handful of countries reversed course. Central Banks started buying gold with fury, and they haven’t let up since.
In the final quarter of 2018, central banks purchased more gold than in any other quarter on record.
By the end of the year, central banks collectively held around 1.064 billion ounces of gold (equivalent to 33,200 tons).
That’s about one-fifth of all the gold ever mined.
In the first half of 2019, central banks purchased 11.97 million ounces of gold (374 tons). Once again, that was far more than ever before. And it’s equivalent to one-sixth of total gold demand in that period.
And total central bank gold purchases for 2019 were the second highest they’ve been in the last 50 years (2018 being the first).
The Unusual Suspects in Central Bank Gold Purchases
And the Keyser Söze of gold is Vladimir Putin.
I’ve been very quiet about Russia and Putin the last few years as I’ve been swamped with media requests following the success of my NY Times Bestseller The Colder War.
Don’t underestimate what the Russians are doing, as others are starting to follow…
While the world focuses on China, Russia has positioned itself at the center of the global political chessboard.
…click on the above link to read the rest of the article…
Global Strategist Forecasts: “A Massive Unwind Of The U.S. Dollar Is Coming… You’re Going To See A Rush For Gold”
Global Strategist Forecasts: “A Massive Unwind Of The U.S. Dollar Is Coming… You’re Going To See A Rush For Gold”
Global strategist Marin Katusa is the New York Times best selling author of The Colder War, which details the geo-political power shift that threatens the global dominance of the United States. He’s also a well known resource hedge fund manager who legendary investor Doug Casey has called one of the best market analysts he’s ever worked with. His prior forecasts noted that countries around the world would soon stop trading commodities like oil in the U.S. dollar, something we’re already seeing with China, Russia, Iran, and Venezuela, all of which are preparing non-dollar, gold-backed mechanisms of exchange.
This trend, according to Katusa in a must see interview with Future Money Trends, will only continue to weaken the U.S. dollar going forward and the result will be a massive capital flight to gold in coming years:
I think we’ll have a near term bounce on the U.S. dollar… then it’s going to be very weak… and then it’s going to go much, much lower… With China and Russia working together to de-dollarize the U.S. dollar starting with oil, which is the biggest market… and then all the other commodities.
You’re going to start seeing a massive unwind of these U.S. dollars in the emerging markets.
…
When that money comes back… which it will… and the world starts cluing in that the emerging markets need gold to convert the Yuan and the Ruble and all these different factors, you’re going to see a massive rush for gold.
…click on the above link to read the rest of the article…
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market
“They Spent It All On Hookers, Blow And Fancy Toys” – Hedge Fund Manager Predicts Lower Oil For Longer, Quantitative Easing For The People, And A Gold Bull Market
In 2011, as gold prices rocketed to $1900 and oil was trading above $120 a barrel, there were few analysts who saw anything but further gains. But Marin Katusa of Katusa Research had a different opinion. At a major commodity conference Katusa, to boos and jeers from the audience, held strong to his analysis that an imminent deflationary collapse in commodity prices was on the horizon. And collapse they did.
According to Katusa, who is closely involved in the Canadian resource sector, most people simply assumed the good times would go on forever… because it was different this time. But like any uninhibited party fueled by unlimited cash, the hangover was sure to follow.
There’s no doubt you had massive high paying jobs. In Canada, the province that benefited the most is Alberta… In the last twelve months they’ve had 70,000 layoffs of jobs paying over a hundred grand a year.
…when I’d go to these oil towns you’d sit down at the casinos with them and these guys were all about the hookers and blow… they were all about their toys… big fancy trucks… snow mobiles… and they’re in the field for two weeks and they make $20,000 and blow it all at the casinos.
You knew it couldn’t last.
As Katusa notes in his latest interview with Future Money Trends, though the crash has been brutal for the sector, it’s not over yet and it’s going lower for longer.
They [OPEC] can survive at $20 oil…
For two years everyone’s been saying, “OPEC’s going to cut back.”
They reality here is, why would OPEC cut production? That would only prop up the Russians and the shale sector.
…click on the above link to read the rest of the article…
