NEW GLOBAL MONETARY SYSTEM IS COMINGThe Bullion Banks, Comex and the US Feds acting in unison and are demonstrating their collusive power in the paper markets and destroying the gold market. A Chairman of the US Feds once stated that they will do everything in their power to protect the almighty US dollar. These boys are playing hardball and they treat the gold mining industry as toxic waste.
One of the main reasons gold has been struggling over the past 12 months is because the dollar has been strong ----the dollar’s gains are out of whack with reality. For example, because of ballooning debt, real rates have reached record lows and are deeply negative. Indeed, they are more negative than European rates, even though Europe has negative nominal yields. And despite the rising dollar – which makes commodities relatively more affordable here than in other major economies – we still have inflation that’s higher than in other major economies. The whole situation is anomalous and can’t last.
Here’s my brief narrative on the upcoming good news for the gold market based on my readings of views by the top money managers in the world, this will happen over the next several months ----- A New Global Monetary System Is coming…
Big money managers in the world have been watching and waiting for the transition to a new reserve currency linked to gold, a transition that will be manna for gold investors. But it’s neither surprising nor concerning that it not happening overnight. Big transitions take time.
In short, the inevitability of a fully boiling pot will become clear in the not-too-distant future. But because it’s not happening overnight, I worry that some frustrated investors may give up on gold. That would be a mistake. The most tumultuous part of the transition is coming up next, and gold will be the investment to gain the most – indeed, perhaps the only investment to gain at all.
Meanwhile, don’t bail out on gold or get rattled by any short-term volatility. Instead welcome it. Whatever happens in the shorter term will be virtually invisible in any long-term chart of the metal’s exponential rise.
The aforementioned comments are the main underlying reasons why I’m invested in the gold market, gold has been around 5,000 thousand years and its monetary value is not going to disappear.