The Japanese Yen posted its steepest decline against the US Dollar in over three years after the Bank of Japan announced its intention to implement unprecede…
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On the heels of continued volatility in gold and silver, today the firm that is calling for $10,000 gold released an excellent commentary. Paul Brodsky and Lee Quaintance are founding partners at QB Asset Management and the piece they put together below is outstanding.
The original article/video can be found at Significant Monetary Change Is Likely Headed Our Way
Foreign central banks are concerned that their major reserve currency, the US dollar is losing value. Many of them are looking toward gold since it provides stability and liquidity.
The following chart shows the amount of dollars held by the central banks in reserve. Note that the graph is heading south! Not good for the dollar but very good for gold.
Since last July, the U.S. dollar index (the value of the U.S. dollar compared to six major world currencies) has lost almost six percent. Plus the euro has fallen as well and the central banks have limited choices to consider, making gold all the more important to them.
Ellis Martin and Ranting Andy Hoffman of Miles Franklin.com discuss the diminishing supply of silver and the continuous increase in demand. According to Mr. Hoffman, silver and gold are not investments, their money.
Miles Franklin is a paid sponsor of The Ellis Martin Report
The original article/video can be found at Ellis Martin Report with Ranting Andy Hoffman October 2, 2012
Today Michael Pento writes about the ongoing destruction of fiat currencies, and what investors should be doing with their money in this environment. Pento has ben incredibly accurate regarding his predictions regarding central bank moves. He now believes we are entering a “new” and more “deadly phase” of this cycle.
Michael Pento writes exclusively for King World News to let readers know what to expect from central planners, and how it will impact the economy and key markets. Here is Pento’s piece: “The worldwide currency debasement war has now entered a new and more deadly phase. Central banks have escalated the combat plan to bring about the world’s weakest currency for their individual countries.”
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