Central Bank Issues Stunning Warning: "If The Entire System Collapses, Gold Will Be Needed To Start Over"
Shares, bonds and other securities are not without risk, and prices can go down. But a bar of gold retains its value, even in times of crisis. That is why central banks, including DNB, have traditionally held considerable amounts of gold. Gold is the perfect piggy bank – it's the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank's balance sheet and creates a sense of security.
shortonoil wrote:UFOs that sing arias? Why not?Of course, they were all seen and written by dirt farming, stupid troglodytes of the day with vivid imaginations. Who are you gong to believe all those lying eyes, or the government?
Still backing the troglodytes. Who could have known? How good is their singing? Must be a genetic propensity?
And, all those military officers are snorting aviation fuel? Do they also sing? To even sugget that someone has a better energy source than Exxon, is out right treason.
Yoshua wrote:"China Wants More Talks Before Signing Trump’s Phase 1 Deal"
They can't agree on anything. Well...neither can we on this site.
"China Wants More Talks Before Signing Trump’s Phase 1 Deal"
They can't agree on anything. Well...neither can we on this site.
Tomorrow (not) QE starts and everything is (not) fine and the stock market is (not) exited.
Yoshua wrote:Tomorrow (not) QE starts and everything is (not) fine and the stock market is (not) exited.
Obviously the government knows (not) what is best for us all.
We know that freight flows are a leading indicator, so by definition there is a lag between what they are predicting and when the outcome is reported. Nevertheless, we see a growing risk that GDP will go negative by year’s end.
So much for the 'transitory' liquidity shortage arguments put forth by commission-takers and asset-gatherers, The NYFed accepted $87.7 billion (in o/n and term) repo today - the highest level yet.
We know that freight flows are a leading indicator, so by definition there is a lag between what they are predicting and when the outcome is reported. Nevertheless, we see a growing risk that GDP will go negative by year’s end.
Massive money printing is coming
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