Commodity Trade Mantra

Posts Tagged ‘BRICS’

Will the US Dollar Die as "New World Money" Goes Live Today? Should I Buy Gold?

Today, Sept. 30, is when the IMF officially adds the Chinese yuan to its basket of currencies comprising its special drawing right (SDR). It has enormous long-term implications for the dollar. Does that mean the dollar becomes worthless overnight? Of course not. This is a development with long-term implications, and that’s the point — the dollar will die — but with a whimper, not a bang.

The US Dollar Has Just Been Shanghaied By The G-20

The main meeting of the G-20 finance ministers and central bank governors was conducted with much publicity. A secret side meeting of a core group consisting of the US, Europe, Japan, China & IMF in Shanghai on Feb. 26, resulted in the biggest dollar take-down operation since the Plaza Accord of 1985 & will go down in history as a major turning point in the international monetary system.

Gold, Oil, & 'Grandmaster' Putin's Trap

It is important to keep in mind that the dollar’s attacks on gold end always end the same way – in a painful knockout for the dollar. It would be naive to believe that this is unknown to that grandmaster of patience, Vladimir Putin. By systematically increasing their gold reserves, Russia and China are relentlessly moving forward to strip the US dollar of its status as a global reserve currency.

Why Most Gold Bugs & Bloggers are Dead Wrong About China’s Gold

China IS acquiring thousands of tons of GOLD & creating new multilateral lending institutions. China WILL announce an upward revision in its official gold holdings in sometime. But the reasons for the acquisition of gold & the updated disclosures, if they happen, are NOT the ones the blogosphere believes. Herein is the Truth.

China’s Pivotal Role For Gold And Silver: More Questions Than Answers

The inclusion of renminbi will not go into effect until Jan 2016, at the earliest. Will this be the often touted gold and silver reset that will cause prices to reach much higher levels? That remains to be seen. We believe there is no chance whatsoever that China will have its currency be gold-backed, that is convertible into gold.

Gold, the SDR and BRICS

There are difficulties when it comes to including gold in the SDR basket as none of its paper constituents are convertible into gold. It also cannot last long as major central banks insist on printing money as an economic cure-all. But China’s position with respect to gold & her own currency could be a different matter.

Gold Backed SDR "Is Quite Likely To Happen", LSE's Lord Desai Warns

Some argue that “no other global currency is ready to replace the U.S. dollar.” That is true of other paper and credit currencies, but the world’s monetary authorities still hold nearly 900 million ounces of gold, which is enough to restore, at the appropriate parity, the classical gold standard: the least imperfect monetary system of history.

Banker’s Grip On Gold And Silver Is Not Over

China and Russia buying as much physical gold as is available, the lack of verifiable gold on the corrupt COMEX and LBMA exchanges are known by everyone who knows anything about gold. Yet, even with world-wide recognition of those factors, gold remains weak, and that is the reality of the current market. How can it be otherwise?

Forget The News. Charts Suggest Silver Price $12 - 14, Gold $1,000 - 1,100

How has all of the news events pertaining to gold and silver impacted the price levels? How many more stories can one read, how many more charts/graphs can one view & expect gold and silver to rally as a result? Forget the news. The trend is down irrespective of all news. Be patient & observe how the character of the market unfolds.

The Biggest Economic Story Going Into 2015 Is Not Oil, But Emerging Markets

Emerging markets today are half the world economy. Much of what happened in global credit markets, especially in emerging markets, was based on cheap, easily available dollars, which has ended. It used to be said that when the US economy sneezes the rest of the world catches a cold. Now it seems all we need is a hiccup in emerging markets.

Some Burning Questions For 2015

Most investors go about their job trying to identify ‘winners’. But more often than not, investing is about avoiding losers. The big question confronting investors today is how to avoid the potholes of tomorrow. To succeed, we believe that investors need to answer the following questions. The answers will drive performance for years to come.

IMF Now Ready To Slam The Door On The U.S. And The Dollar

The IMF decision to possibly eliminate U.S. veto power and, thus, influence over IMF decisions may come as early as the first quarter of next year. All of these measures are culminating in what I believe will be a more official announcement of a dump of the U.S. dollar as world reserve currency & bring the BRICS into the SDR fold.

Here Comes France: Demands Central Bank Repatriate French Gold

First Germany, then the Netherlands, perhaps Switzerland this weekend, and now the French right-wing Front National leader Marine Le Pen has sent a letter to the governor of the French Central Bank, the Banque de France, demanding that France join the list of nations which have repatriated, or at least tried to, their gold.

Gold And Silver – Is the Golden Rule Broken?

Why has the concerted effort to suppress gold and silver been so unopposed by China & Russia when either country could “stick it” to the West & collapse the “dollar” & Western central banks in a day? It may also be that China & Russia are assisting IMF as it is not in their best interest to see gold and silver “reset” dramatically higher.

Gold And Silver – A Change In Suppressed Down Trend?

Until there is a clear break of elite’s central banking dominance over gold and silver markets, there will be no dramatic recovery reflective of where the true price for both should be. The current distorted pricing, as dictated by the paper derivative market & not actual physical metal, will prevail demonstrating the power the elites exert at will.

Why the Dollar’s Reserve Currency Status is America’s “Achilles Heel”

Without the belief of the U.S. dollar as an acceptable world reserve currency, the U.S. is a bankrupt nation. The reserve currency is that country’s Achilles heel, and the stock and bond markets are not prepared for the consequences of the U.S. dollar, that’s backed by nothing other than faith, no longer being a reserve currency.

China Likely Bought 10,000 tons of Gold. And if They Did, Here’s Why

China’s gold holdings would act as an insurance policy paying off in the case of a dollar dilution. China may be protecting itself from itself as much as from the US because if they follow the Japanese and US model to print their way out of a real estate collapse…gold may simply be “priceless” in sovereign currencies.

A Strong Dollar? Why has the Dollar Rallied?

To answer the question whether or not King Dollar is back to stay, I don’t believe there is ANY chance at all and the current strength will be very transitory. The U.S. is broke on too many levels to count from financially to morally, ethically and everything in between. So why has the dollar rallied?

Impact On Gold And Silver By Death Of Derivatives Monster

The U.S. Banking industry utilized the Interest Rate Swap Market to destroy the REAL MARKET RATE OF INTEREST. By the banks artificially controlling the market rate of interest, they also manipulate the REAL VALUE of goods, services, commodities and yes… Gold And Silver.

PetroDollar On Its Deathbed. Are Gold & Silver About To Rally?

The pillars are crumbling for the debt-laden, gasping for life petrodollar. Central banks are suppressing gold and silver to eliminate competition to their paper debt Ponzi scheme. China & Russia, backed by massive amounts of gold, are engaged in deals to foster growth & encouraging other countries to build and grow from within.

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