Going All-Out, Full-Tilt Boogie for Gold!

Who is going to dominate global affairs in the future?

As we have said on ample precent many times, nations that are net acquirers of gold rise in the affairs of the world. 

Nations that are net dishoarders sink. 

Some people think that rising nations become acquirers of gold because they are prosperous. But they become prosperous because of sound economic views.

Disbelievers of gold grow poorer because they don’t have absurd economic views like these:

• We can print our way to prosperity.
• Our national debt is not a problem because we owe it to ourselves.
• A nation that prints its own money can afford whatever it needs. 

Those absurd views and variations on, them have been heard in the schools, in the marbled halls of power, and in the lapdog press in America for generations.

With that thought in mind, you might note that while the US government has tried to make gold ownership difficult for almost a century, we should look at which nation(s) place a priority on gold.  It is there we are likely to see the emergence of the future of global dynamics.

With that in mind, here are just a few stories that popped up as we sat down to write this note.

• The People’s Bank of China has reported a 5 tonne increase to its gold reserves in January – the third consecutive month its gold holdings have risen according to the data. Last month’s purchase helped lift gold reserves to 2,285 tonnes.
• China discovered gold deposit worth over US$80 billion
• Bloomberg:  China’s Central Bank Buys More Gold as Prices Hit Record
• China will allow insurance funds to buy gold for medium and long-term asset allocations as part of a pilot project, the country’s financial regulator said on Friday.

And while China is aggressively adding to its gold holdings, we can report that it is doing as part because of an almost subterranean flow of gold from the West to the East.  

For days, gold has been withdrawn from the Bank of England.  It is leaving London in this case to beat the threat of tariffs by the US.  If it is abandoning one of the most important gold trading centers for centuries in the West, at least in this case it is going to the US.  For now.  Here’s the CNN headline:

The world’s second-largest gold storage suddenly has very long lines to withdraw bars.

If you’d like to go with the flow of history, speak to us a Republic Monetary Exchange about adding gold to your investment portfolio.