Price gold bullion, not gold credit
By GCRU Gold News on Thursday, January 30 2020, 20:47 - Permalink
Gold should function as a signalling device, acting as a warning sign and stabilising influence for a global financial system that has overstretched itself. This one has, with the need for unconventional monetary policy passing the point of no return.
The gold price is being held back ‒ potentially increasing moral hazard across the entire global financial system ‒ which is where reforms by the London Bullion Market Association (LBMA) can play a role.