Rehash of the "usual suspects". Gold is NOT the ultimate "safe haven"; gold is the ONLY MONEY (along with silver). The $'s depreciation to 2900+ to the ounce indicates that "fiat debt" instruments ($$, Euros, Yuan, etc.) are no longer trusted as "stores of value" (one of the critical functions of true money). It indicates that the "wheels are coming off" the international financial system.
An interesting article in ZH also noted that China insurance companies are allowed to add gold holdings for the first time. Almost $18B, if I recall correctly, of gold powder could be allocated to keep the Goldschlager flowing.
Rehash of the "usual suspects". Gold is NOT the ultimate "safe haven"; gold is the ONLY MONEY (along with silver). The $'s depreciation to 2900+ to the ounce indicates that "fiat debt" instruments ($$, Euros, Yuan, etc.) are no longer trusted as "stores of value" (one of the critical functions of true money). It indicates that the "wheels are coming off" the international financial system.
Keep stacking!!
An interesting article in ZH also noted that China insurance companies are allowed to add gold holdings for the first time. Almost $18B, if I recall correctly, of gold powder could be allocated to keep the Goldschlager flowing.