Sunday , November 28 2021
Home / Mike Norman Economics / ‘In Gold We Trust’: Waning confidence in US sends world’s central banks on buying spree — Darius Shahtahmasebi

‘In Gold We Trust’: Waning confidence in US sends world’s central banks on buying spree — Darius Shahtahmasebi

Summary:
I think this is partly correct. Probably more significant is the weaponizing of the USD in the economic aspect of hybrid warfare that the US is now carrying out against a number of countries a d sending a message that "you are either with us or against us" (ht G. W. Bush). Wars run two ways.Historically, gold has been the most secure reserve asset — the ultimate in safety, if one can protect one's gold holdings. Powerful nations are betting that they can do do in the event of loss of trust in the USD as "fair coin."RT‘In Gold We Trust’: Waning confidence in US sends world’s central banks on buying spree Darius ShahtahmasebiSee alsoZero HedgeIran Calls For 'Elimination' Of Dollar To Stop US 'Economic Terrorism' Tyler Durden

Topics:
Mike Norman considers the following as important: , , , ,

This could be interesting, too:

Matias Vernengo writes The End of Bretton Woods

Mike Norman writes My new podcast episode is out.

Matias Vernengo writes The Consolidation of Dollar Hegemony after the Collapse of Bretton Woods: Bringing power back in

Mike Norman writes My new podcast episode is out.


I think this is partly correct. Probably more significant is the weaponizing of the USD in the economic aspect of hybrid warfare that the US is now carrying out against a number of countries a
d sending a message that "you are either with us or against us" (ht G. W. Bush). Wars run two ways.

Historically, gold has been the most secure reserve asset — the ultimate in safety, if one can protect one's gold holdings. Powerful nations are betting that they can do do in the event of loss of trust in the USD as "fair coin."

RT
‘In Gold We Trust’: Waning confidence in US sends world’s central banks on buying spree

Tyler Durden
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *