A new world of currency disorder looms

Financial Times/Martin Wolf/3-29-2022

photo image of various currencies rolled and rubberbanded
“Useful monies are those of open economies with liquid financial markets, monetary stability and the rule of law. Yet the weaponisation of those currencies and of the financial systems that handle them undermines those properties for any holder who fears being targeted.”

USAGOLD note: For attuned investors and nation-states alike, “a new world of currency disorder” translates to gold ownership. Under the new rules of the game, those who manage national reserves would be considered imprudent if they neglected the potential for their economy to be so targeted. And, yes, we do think that the demand for physical gold in the official sector will be a likely result. Wolf mentions gold as one of “four replacements to today’s globalized national securities,” the others being private currencies like bitcoin, a global fiat currency, or another national currency, “most obviously China’s.” An important read at the link ……

Share
This entry was posted in Gold-silver price predictions, Today's top gold news and opinion. Bookmark the permalink.