It’s been suspected for quite some time that central banks are actively taking positions in collapse-related assets like gold and silver. We now have confirmation that at least two of them have done it. There are likely more.
There can be only one explanation. Our monetary masters know without a shadow of a doubt that their policies will fail and they have lost confidence in their ability to stabilize the system.
Consequently, they, like billionaire investors and major financial institutions around the world, are rapidly shifting their worthless paper money into the world’s historical assets of last resort: gold and silver.
https://youtu.be/dgz7YGMhH1k?t=77
Source: Mac Slavo
When former Federal Reserve Chairman Ben Bernanke was questioned by Ron Paul during a 2011 monetary policy report, he famously told the Congressman that gold is not money and the only reason central banks hold it is because of “long-term tradition. ”
Bernanke’s comments have since been cited by financial pundits as expert advice on why precious metals investments should be considered no different than other traditional investments like equities or bonds. Suggesting they may be a safe haven asset or that there are thousands of years of evidence supporting the claim that gold and silver are money are often laughed at and marginalized.
But if gold and silver are not real money and they are not safe haven assets, then why did the central banks of Switzerland and Norway just print $2 billion dollars in currency and immediately move that paper currency into gold mining companies?
Because…
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Categories: Business, International Finance, Opinion
