Why the world is awash with $100 bills

Financial Times/Gillian Tett/3-6-2019

“In the decade since the 2008 crisis, plenty of weird things have occurred in the world of finance. But this week a new phenomenon was observed that might make even economists and financiers blink.”

USAGOLD note:  One of the points Gillian Tett makes is that $100 bills are being used around the world as a hedge against a number of different negative scenarios. . . . An interesting read about the very same mindset that leads some to gold ownership.

Repost from 3-11-2019

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