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Dump Dollars – Buy Gold, Say Global Monetary Elites. What’s Holding You Back?

Dump Dollars - Buy Gold, Say Global Monetary Elites. What's Holding You Back?

Dump Dollars – Buy Gold, Say Global Monetary Elites. What’s Holding You Back?

The gold debate is usually conducted between global monetary elites who disparage gold and so-called “gold bugs” who stack coins in their basements awaiting the end of the world. Both sides go too far.

But what happens when a bona fide member of the elite endorses gold? That’s an earthquake, and it just happened!

Kenneth Rogoff, Harvard professor, chess grandmaster and author of the widely acclaimed book This Time Is Different, just sent shock waves through the global elite by recommending that emerging-market central banks buy gold to diversify their portfolios away from dollar holdings.

And JP Morgan’s Private Bank is also recommending its clients “position for a new and very long bull market for gold.”This bank is only open to wealthy clients with at least $5 million of investable assets. Later this year, the bank will require at least $10 million of investable assets. This is not for everyday Americans.

The super rich and the elites are now selling stocks and buying gold. And for good reason. Gold has fundamental support from Chinese and Russian efforts to get away from the dollar system. It also has technical support from scarcity on the physical supply side. Gold is flying off the shelves.

When elites say dump dollars and buy gold, what are you waiting for?

The good news is that there’s still time to diversify your portfolio into gold if you haven’t already. Now is the time to complete your gold allocation (I recommend 10% of investible assets) before it’s too late.

I don’t recommend you day-trade gold or buy the dips. Don’t get too upset if the dollar price goes down, and don’t get too euphoric if the dollar price goes up. You need to focus on the big picture, not the day-to-day fluctuations.

And the big picture ultimately leads to $10,000 gold. Read on to find out more…




Courtesy: Jim Rickards

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request your views on the above article

  • Silver Savior

    Well dumping dollars is certainly what everyone should do but I just don’t agree with stopping at 10% of assets. I think only 10% is a good way to lose your shirt. And silver is actually the better value but I recommend both gold and silver.

    • Crazy Coin Guy.

      One should make at least 90% of their investment into PM’s. Gold is good but I agree that silver has a better return. You may need more of it but it gives a better return for what it is and more affordable for most people. Don’t just look at AU and AG, CU is a bargain right now too!

      • Silver Savior

        Oh yes for sure. I covered most of my bases but still light on gold because it costs so much and you can get much more of the other metals instead.

        I think silver is the best metal no matter what the form. I buy 90%, sterling or .999. I am also a big fan of copper. Most of it is in the form of pre 1982 pennies.

        I do agree with the 90% metal allocation. People just have no idea about the financial system. I am not at that percentage yet but want to be as the coins are real money.

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