Yeah, but......
Bank of International Settlements considering putting gold in commodity status. Might happen, goodbye gold as a safe haven asset, despite its no liability to anyone status, serious hit if it happens. Price will tumble. Very much worth watching briefing squirming and sweating.
Italy is getting ahead of the pack. We will shortly have more currencies than the law allows, all of them creating wealth and risk. A brave new world.
zerohedge.com
Bretton Woods soon to be paleolithic history.
With the fiscal currencies, cryptocurrencies, gold as a commodity for central bank purposes, central bank cryptocurrencies, pokemon currencies - yes, that's true, pokemon currencies - etc., we are in for a serious ride of volatility. Currencies of all kinds will end up valueless, except maybe cryptos, which are supposedly self-limiting, but not free of potential gov't intervention.
Tell me who controls the currency, and I'll tell you....yada, yada. |
