Gold News: Monetary Policy Theory Will Be The Downfall Of Modern Western Countries And The Glory Of The East
Gold News
Everyone has been talking about Andrew Maguire’s interview and his expertise advice on Gold and Silver after PBOC’s announcement.
Source: kingworldnews.com
“For China, gold’s strategic mission is to support the internationalization of the renminbi and be a strong support for China’s goals of becoming an economic power and realizing the ‘Chinese Dream.’ Gold is the only product that holds properties of a commodity and currency; it’s the most trusty asset on which modern fiat currency can be based. From a historical perspective, gold has played an irreplaceable role in times of financial and geopolitical crises and in protecting a country’s economic security. It is this unique nature and function of gold that give it a glorious and holy role to play during the revitalization of the greatness of the Chinese people and the realization of the ‘Chinese Dream.’’’ — Song Xin
The increased efforts of Song Xin and the PBOC to encourage Chinese citizens to purchase Gold and Silver as an economical backup, this is because Gold and Silver are considered the “most trustworthy” asset to back the currency. This economic responsibility stands in the hands of the people as the government has deliberately handed it down to them and by passing this responsibility, the PBOC will be able to balance their currency (Chinese Currency) but will create a ripple effect unbalancing all around the world the Gold and Silver price and we might see this as the highest so far.
As of western countries, not many or any believe that gold should be the backup for currency as it was in the past. In Eastern countries, this is a more accepted view. The Chinese have been in planning executing the plan of backing up their currency for some time and now they are urging all their people to collaborate in this matter to bring their economy up and flourish.
As Stephen Leeb said “In a world in which 17 percent of the population controls about 70 percent of the material wealth, global development will require massive resources – resources that because of growing scarcities are not immediately available and may never be available. Gold is the only suitable currency to ration such scarcities.”
The message that the PBOC is conveying is that there is a potential for monetary and economic chaos or opportunities ahead. The real question is where are you, the investor, going to be standing? The I Know First Algorithm has already identified the opportunities ahead for the Gold, Silver and Oil, find out today what will be the next move to make before the rest get their information from the news.
