Gold: Keep Calm and Carry On
By GCRU Gold News on Sunday, June 26 2016, 01:26 - Permalink
We believe under our faith-based fiat currency system, currencies will be faith tested by doubts over the solvency of the dollar system, political worries this November and geo political concerns. In an environment of failed quantitative easing, Brexit and the latest rounds of negative rates, the economic consequences are clear. Central banks are at the limits of what they can achieve, particularly without the support from their respective governments from fiscal policy. Investors and savers are looking for alternative stores of value. To be sure in the last 20 years we have seen steady debt accumulation, globalization and a shift of risk to debtors at the expense of savers. A new monetary order must emerge. Stores of values are needed and sooner or later everyone must deal with the consequences of the past. Central banks are part of the problem, not the solution. Gold will be a good thing to have.