Commodity Trade Mantra

Posts Tagged ‘Ownership of Gold’

A Scramble for Gold has Begun - Jim Rickards

What drives gold’s new allure? In some cases, central banks are constructing a hedge against US dollar inflation. Countries are also acquiring gold in advance of a collapse of the international monetary system that has a shelf life of about 30 years. The system has collapsed three times in the past century. Each time, major financial powers came together to write new rules.

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