Writers Torgny Persson, Koos Jansen
& Hong Kang See
1973 EU CB's Traded Gold In Secret At Free Market Price
Friday the 27th of February 2015
Another piece of the puzzle
The more I read about it the more clear it becomes that the euro, at first a monetary block in Europe, was spawned right after the US abandoned gold in 1971. The European Community (EC) block was the biggest threat for the US hegemony in the seventies, if Europe would unite it could break the USD. Europe's aggregated gold reserves were (and still are) greater than US holdings, a crucial reserve asset when fully utilized.
Soon after the inception of the Bretton Woods system in 1944 the US needed to suppress the price of gold because they printed far more dollars than they had gold to back it up, finally the suppression failed in 1968 when the London Gold Pool collapsed. What followed was a two-tier system; monetary gold was valued at a fixed price far below the free market price of gold.
The two-tier system created by the American monetary wizards was anything but sustainable; foreign central banks could buy gold at the US Treasury for dollars at a discount, subsequently selling the gold on the free market for a higher price, though the agreement was central banks would not trade with the private market.
Because the dollar was overvalued (against gold) European central banks exchanged billions of dollars for thousands of tonnes of gold, draining US gold reserves.
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By: Koos Jansen
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Buy Gold Singapore
There are a number of reasons to buy gold in Singapore. Some people buy gold as investment whereas some people buy because they view gold as money. This text gives you an overview of the characteristics of gold and why it is sensible to buy gold.
When you buy gold in times of economic uncertainty you obtain an insurance against the crumbling financial system. When you buy gold in good economic times, you get an asset that withstands inflation and that has been retaining its value for thousands of years.
When you buy gold, you buy an asset that has an intrinsic value because of its useful qualities. Our current fiat money has lost 98 % in merely 100 years. Our monetary system is more fragile than ever. If you instead buy gold, you get an asset that has been retaining its value for thousands of years.
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Buy Silver Singapore
Thinking about gold? Buy silver in Singapore! Silver has similar characteristics as gold but has even greater upside potential. But is it really a good idea to buy silver when the price of silver has increased significantly over the last years?
Even though the price of silver has increased, it is likely that we have only seen the beginning of the surge. When you own silver, you own a metal with similar characteristics as gold. The argument for buying silver rather than buying gold is that the supply of silver is very limited while at the same time, the demand is high and rising.
There has been a physical shortage of silver several times during the last years. When silver shortages have appeared, physical silver has been valued higher than the official market price of silver. The reason for this is that silver can be bought in different forms, either as certificates or in physical form.
When you buy silver certificates, you can never be sure that the physical silver exists. There are more silver certificates on the market than there is physical silver. It is therefore essential that you demand physical delivery when you buy silver.
Some of the advantages of buying silver from BullionStar in Singapore include:
- You choose whether to pick up the silver you have bought in our shop at 45 New Bridge Road, Singapore 059398, store your silver securely in "My Vault Storage®" or ship your silver to your delivery address.
The demand for silver is growing exponentially. Silver is already used in tens of thousands industrial applications such as mobile phones, computers, iPads and solar panels. When you buy silver, you buy a metal with excellent industrial characteristics. A few examples of this are that silver conducts electricity and heat very well.
The silver market is very small compared to most other asset markets and has been a forgotten market for many decades. If you buy silver, you will get an asset with superior potential but with limited risk.
Buy silver in Singapore to get a safe asset with perhaps even more potential than gold. Read this article for more information about silver as investment.
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