De-Dollarization Trend boosting gold demand
Gesara.news » News » De-Dollarization Trend boosting gold demandNews Date: October 7, 2020
Global de-dollarization resumed in the second quarter according to data recently released by the International Monetary Fund (IMF).
BoA also said that no single currency stood out as having benefited from the process so far. Instead, many central banks have turned to gold, increasing their bullion holdings. Data show that central bank demand came in at 650.3 tons last year, just slightly below the 2018 record net purchases of 656.2 tons.
Experts point out that Russia and China, the two major countries that led the de-dollarization drive, will continue adding to their bullion holdings, cutting their respective share of the dollar, and even leading the world back to the gold standard.
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Is the Fed Ded? The Fed can print $ but cannot print jobs. As Corona returns the massive Fed-Wall St-Treasury bubble collapses. Corona is the pin not the bubble. If you think the Fed is Ded get more gold, silver, and Bitcoin. Sadly, I think the Fed is dying. Take care be aware.
FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with declining income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? "Accept what ever comes to you woven in the tapestry of your destiny." Marcus Aurelius. Take care.
ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.