In fact since last year central banks have been on the largest gold buying spree since 1971 when the US broke off from the Bretton Woods world gold standard in 1971.Before 1971,the world was on a gold standard where the US dollar was backed by gold at 35 USD per ounce and all the other world currencies were tied to the USD at fixed exchange rates thus all world currencies were backed by gold.This meant central banks at the time couldnt print money indiscriminately like they are doing now as gold backing constrained reckless money printing.In the late 1960s especially,the US started cheating and printed far more currency (for the Vietman War,social welfare known as the Great Society in the "guns and butter" policy) than could be backed by gold in their reserves at 35 USD/oz.Many countries led by France started exchanging their USD reserves for gold and US gold reserves fell from 20,000 tonnes to 9,000 tonnes and to prevent a complete run on US gold the Nixon Administration delinked the USD from gold in August 1971 and the era of fiat money printing to absurd proportions began.



Now that the money printing spree is getting out of control,central banks are once again hedging themselves with gold.The Eastern nations especially Russia and China having been buying vast amounts of gold to hedge against the USD.Others like Germany and Poland have been repatriating their gold stored in London and US vaults preferring to store their gold for themselves as opposed to offshore storage where it can be confiscated.






As Ray Dalio,billionaire of the world's largest hedge fund,Bridgewater Associates once said "Cash is Trash".Whats the intrinsic value of the USD if the Fed can just print trillions of dollars by just typing new numbers on computers and crediting banks accounts and more recently even corporate and hedge funds accounts.Fundamentally the USD and other fiat currencies are trash though psychologically the USD is King relative to other fiat currencies that are also being printed up and hence the US dollar rise relative to other currencies in the current deflationary crisis though USD purchasing power has reduced 97% since 1913 when the Fed was created.

So Yes,Opus Dei should become smart and load up on gold.If the money printing bonanza continues,the destruction of these currencies is inevitable and a natural reversion to gold/silver as sound money is possible.The cycle from fiat currencies that collapse back to a gold/silver standard has repeated itself numerous times in history and this time wont be different.

Naive young retail investors piling into US stocks buying the dips.The usual cycle of Wall Street is playing out again.The Wall Street banksters sucker in retail investors into a false rally fattening the sheep for the slaughterhouse when stocks inevitably tank

As the adage states,bulls make money,bears make money and pigs (retail investors) get slaughtered

Central banks are creating ‘fake markets,’ Bank of America strategists say

I have kept saying Wall Street is a joke of markets being highly manipulated and pumped up by trillions of Fed money printing and there is no reality of asset prices and no free markets in the the US and the rest of the developed world;just central banks money printing mischief lunacy.

Well one of the 6 mega Wall Street banks ie Bank of America Merrill Lynch agrees with me.

Though Wall Street has always been fake,there are lots of opportunities to short term trade these large move volatile swings and make lots of $$$$ in the madness

So he just lost around 13% of his portfolio.

He'll live.

2020 is seeing investors getting wiped out over 70% and still clinging onto hopes of rebounds.

I remember reading King Icahn in the early 2000's. I got it by accident either at a flea market or library that was discarding books that nobody was borrowing any more. Grand price? A whopping $1. I read it through and through several times until the pages became dog-eared. You could say I was obsessed with it in many ways. Icahn was the man who opened my eyes to the practical world of high finance and activist investing. Unfortunately that world Icahn lived in that had some semblance of rules is no more. My sources inform me that we are heading to a new normal and life will NEVER EVER EVERRR be the same again. The elites had been planning this since time immemorial. Read this very carefully and see what is coming. Unlimited QE> Corona > Well planned race riots USA > Forced implosion of world markets > collapse in currencies > economic chaos, crime and suffering > cries for relief by the world populace > new world currency as the solution > AI rammed in through 5G > no more freedom for anybody > New scientific-socialist AI heavy global order. Hang tight and enjoy the ride, my frens!

NIMESEMA!