The US Federal Reserve is no longer able, in reality, to continue its multi-decade combat against the « barbarous relic » in order to guarantee the supremacy of the US currency at the centre of the international monetary system. For LEAP/E2020 the decade which has just begun will be clearly marked by a complete KO of the Dollar (and the fall of most major international currencies) by gold.
We have often reminded readers in different GEAB issues that gold constitutes both a medium/long term investment intended to protect one’s capital against the risk of a loss in value of paper currencies and financial assets, and an eventual means of payment in the event of a very serious monetary crisis. In these two cases the choice of placing a portion of one’s assets in gold is a response to anticipating events and risks in the coming years (and not the coming weeks or months). For this GEAB N°41, a special edition at the beginning of a new decade, it seems opportune to LEAP/E2020 to put forward its anticipations on gold’s progress for 2010 – 2020, completing what the team wrote in issue N°34 of the GEAB in April 2009. This view of the decade is even more legitimate since we consider our analysis constitutes an aid for both individual investors as well as for the heads of central banks and institutions in charge of maintaining the value of a large amount of assets in the medium and long term (for example, pension, sovereign and insurance funds). Indeed for the first time in almost 40 years (since the ending of Dollar convertibility to gold in 1971), the interests of the world’s central banks and individual investors, once again, converge on gold: value is no longer at all guaranteed by the Dollar as an international reserve currency and, as long as the latter has no globally recognised successor, gold remains the only asset capable of maintaining this value.
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Why do I always have to come here right before bed?
ReplyDeleteSure makes for a restful nights sleep! NOT!
I hear you, I usually dream about prepping.
ReplyDeleteYes! Black beans over here, Salmon Cans over here, where to put the water barrels ....
ReplyDeleteActually I sleep easier knowing that I may not do well, but better than most.
Unfortunately when we collapse as a nation the only thing that will keep on thrashing around will be our military. Invading, killing, doing the Genghis Kahn thing while we all starve. Turning its wrath inward on us. Not a great time to be alive.
ReplyDelete1.36, why must we starve? We have the number to loot every store, kill the military and eat them alive.
ReplyDeletei've plated myself with gold i'm now a walking millionaire.
ReplyDeleteI'm loading up on toilet paper. I cannot afford gold. TP will have a tremendous barter value when TSHTF.Perhaps one bar of gold for one role.
ReplyDeleteAll this talk about gold and silver, this and that, it will all end up confiscated anyway, so what the hell is the point of holding it? It's just another sham by TPTB to get us to part with cash for something we will have to give up anyway, and you can't eat silver and gold last time I checked
ReplyDelete10:53 You live in a delusional world. 2% of the world collect GOLD and SILVER. 98% do not. The elite will allow the 2% to live. The rest starve. Made by design. If 98% collected bullion, yes I could see it confiscated.
ReplyDeleteI would like to remind everyone here who has the ability to forsee a day when our own military would 'do the G.Khan thing while we starve etc. etc.
ReplyDeleteDo not even forget for one moment who feeds these people in uniform; both here and around the world
Who clothes them; who makes the guns; the ammo;
the head up display; the Humvee; the cigs; the beers; the broads;
We - the sheeple -- we make it all
Go ahead and shear the sheep
You sheer yourself as well
here here !!
ReplyDeletesame for big bro here in ze ole US of A - they don't make shit xcept stupid laws as if the existing 4 zillion on the books now ain't nuff.
the gov't can only take this thing so far after all - the host can only feed so many parasites