It's not just "tinfoil blogs" who (for the past 11 years)
have been warning that a monetary reset is inevitable and the only
viable fallback option once trust and faith in fiat is lost, is a gold
standard (something which even Mark Carney hinted at recently): central banks are joining the doom parade now too.
An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked many with its claim that "if the entire system collapses, the gold stock provides a collateral to start over." De Nederlandshce Bank(DNB)もしくはDutch Central Bankの論文によると、彼らの主張が多くの人にショックを与えた「もし全金融システムが崩壊すると、ゴールド備蓄がシステム再起動の担保となる。」というものだ。
While gloomy predictions of a monetary reset are hardly new, they have
traditionally been relegated to the fringe of mainstream financial
thought - after all, as Mario Draghi stated on several occasions in
recent years, the mere contemplation of a "doomsday scenario" is enough
to create the self-fulfilling prophecy which materializes it. As such,
it is stunning to see a mainstream financial institution open up about
the superior value of limited supply, non-fiat, sound money assets.
It is also hypocritical given the diametrically opposed Keynesian
practices regularly engaged in by central banks and official
institutions worldwide: after all, just a few months back, the IMF published a paper bashing Germany's adoption of the gold standard in the 1870s as the catalyst for instability in the global monetary system.
Fast forward to today, when the Dutch Central Bank is admitting not
only did gold not destabilize the monetary system, but it will be its
only savior when everything crashes.
"If things go wrong, prices may fall. But, crisis or not, a gold bar
always holds value." This makes it the opposite of "shares, bonds and
other securities" all of which have inherent risk.
Photo of gold bars from the DNB's article "Goud van DNB."
According to the IMF's latest data, the DNB holds 615 tons (15,000
bars) of gold mainly in Amsterdam, with other stores in the U.K. and
North America; the value of this gold reserve is over €6 billion ($6.62
billion). Calling gold the “trust anchor,” the article details briefly
why the hard asset is so important to wealth building and the global
economy, claiming: "Gold is... the trust anchor for the
financial system. If the whole system collapses, the gold stock provides
a collateral to start over. Gold gives confidence in the power of the
central bank's balance sheet."
Why this sudden admission of what goldbugs have been saying for
years? Perhaps it has to do with the fact that on October 7, the bank announced it would soon be moving a large part of its gold reserves to "the new DNB Cash Center at military premises in Zeist."
Almost as if the Netherlands is preparing for the grand
reset, and is moving its most valuable asset to a "military"
installation just for that purpose.
それはまるでオランダが the grand reset に備えているかのようだ、そして最も価値のある資産を「軍隊」監督下に移動している。
As bitcoin.com tongue-in-cheek points out, "DNB is no stranger to
playing along with the Keynesian, inflationary games of the global
monetary system. A system which, according to some, is now more a Ponzi scheme based on force and blind faith than sound economic principle. That
notwithstanding, the centralized financial powers of the world know the
real score, and that’s why hard assets like gold are hoarded and locked
down while everyday, individual residents of these geopolitical
jurisdictions are encouraged to spend and spend, going further into debt
to prop up ultimately unsound national economies."
It is hardly a coincidence that in its preparation for monetary
doomsday, the Dutsch Central Bank is also set to begin cracking down on
crypto exchanges and wallets, stating that "firms offering services for
the exchange between cryptos and regular money, and crypto wallet
providers must register with De Nederlandsche Bank."
While the push for greater KYC/AML transparency is a growing global
trend, and is hardly surprising in a world in which trillions in assets
reside in "tax-evading" offshore jurisdiction, the remarkable aspect of
this latest crackdown against crypto - which many see as a modern, more
efficient form of "gold" - is the fact that invasive regulations and
restrictions by central banks can be seen as yet another means of
stockpiling precious assets. This time, not gold bars, but bitcoin and
crypto.
As for the timing of the "great monetary reset", which other central
banks have already quietly hinted at themselves amid massive
repatriation of physical gold from the New York Fed to various European
central banks such as Germany and Austria, we are confident
that the trust-keepers of the current establishment - such as other
central banks and the IMF - will be kind enough to provide ample advance
notice to the citizens of the "developed" world to exchange their fiat
into hard assets. Or, then again, perhaps not.
「great monetary reset」と期を同じくして、他国中央銀行もすでに密かに自国金塊をNew York Fedから幾つかの欧州各国の中央銀行に回帰させている、たとえばドイツとかオーストラリアだ、ZeroHedgeはこう確信している、他国中央銀行やIMFのような既存のイスタブリッシュ達のtrust-keeper は「先進国」の市民に対して管理通貨をハードアセットに交換するように知らしめるだろう。まあ、いつもの繰り返しだが、そうではないかもしれない。
Amazonで買物をしてContrarianJを応援しよう この長文記事をRay Dalioが発表し、ゴールドは$1400から$1420へと急騰しました。GLD保持高に変化はないのでたぶん先物ポジションが進んでいます。 Ray Dalio Warns A "New Paradigm" Is Coming: "Buy Gold, Sell Stocks" by Tyler Durden Wed, 07/17/2019 - 14:44 Authored by Ray Dalio via LinkedIn, One of my investment principles is: 私の投資原則はこういうものだ: Identify the paradigm you’re in, examine if and how it is unsustainable, and visualize how the paradigm shift will transpire when that which is unsustainable stops. 現在のパラダイムを認識し、それがどの程度持続可能かどうか判断する、そしてパラダイムシフトがどのように起きるか、そしてその着地点を思い描く。 Over my roughly 50 years of being a global macro investor, I have observed there to be relatively long of periods (about 10 years) in which the markets and market relationships operate in a certain way (which I call “paradig...
Amazonで買物をしてContrarianJを応援しよう Silver Outperforming Gold 2 Adam Hamilton July 26, 2019 3232 Words Silver has blasted higher in the last couple weeks, far outperforming gold. This is certainly noteworthy, as silver has stunk up the precious-metals joint for years. This deeply-out-of-favor metal may be embarking on a sea-change sentiment shift, finally returning to amplifying gold’s upside. Silver is not only radically undervalued relative to gold, but investors are aggressively buying. Silver’s upside potential is massive. ここ2週シルバーは急騰した、ゴールドを遥かに凌ぐものだ。これは注目すべきことだ、もう何年もシルバーはひどいものだった。この極端に嫌われた金属が大きく心理を買えている、とうとうゴールド上昇を増幅するに至った。シルバーは対ゴールドで極端に過小評価されているだけでなく、投資家は積極的に買い進んでいる。シルバーの潜在上昇力は巨大なものだ。 Silver’s performance in recent years has been brutally bad, repelling all but the most fanatical contrarians. Historically silver prices have been mostly ...
How Are Gold And Money Supply Related? by Tyler Durden Sun, 06/14/2020 - 13:00 Authored by Mike Shedlock via MishTalk, M2 Money Supply is surging. Will gold follow? M2マネーサプライが急増している。ゴールドはこれを追従するだろうか? Let's investigate an alleged relationship between gold and M2, a measure of money supply in the US. よく言われるM2(米国のマネーサプライ指標)とゴールドの関係について調べてみよう。 "There’s a clear correlation between the annual growth rate in M2 money supply and the price of the yellow metal. " 「M2の年率増加速度とゴールド価格の間には明らかな相関がある。」 Clear Correlation? 明らかな相関? The Tweet claims something different than my lead chart depicts. So let's investigate the above idea in other time frames. このツイートの主張は私が示す最初のチャートが示すものとは異なる。というわけでこのtweetの主張を別の時間フレームで見てみよう。 Gold vs Rate of Change in M2 Money Supply ゴールド vs M2マネーサプライの変化率 If we look at longer time frames, the rate of increase in M2 theory falls flat on its face....