Commodity Trade Mantra

Posts Tagged ‘Gold Reserve Act’

Decline of the US Dollar – The Consequences

We cannot blame China and India, or Russia if they wish to protect themselves from western systemic risk by shifting their trade settlements away from the dollar. It is becoming clear to Asian leaders at least that the dollar’s reserve status is an anachronism of the past & cannot last, a simple deduction that raises important questions not addressed for over a century.

Gold Miners And Regulators Deathly Silent after Gold Price Attack

I find it laughable that something like the recent attack on the gold price could happen & the World Gold Council had nothing to say about it! There don’t seem to be major investigations into these gold price raids. The mining industry is worthless, not so much because of the attack, but because its own shareholders and executives are content to die quietly.

Is Greece About To "Lose" Its Gold Again?

What everyone appears to be forgetting is a nuanced clause buried deep in the term sheet of the second Greek bailout: a bailout whose terms will be ultimately reneged upon if & when Greece defaults on its debt. Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal.

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