Tag: Central bank
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A Contrarian’s Case for Precious Metals
In my estimation, Central Bankers around the world have an acute fear of deflation. Their prescription has been (and continues to be) hefty doses of easy money. A plethora of British Pounds, and abundance of Euros, a deluge of US Dollars, a surplus of Swiss Francs. This is an ongoing and concerted strategy to avoid…
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Will Oil Always Be Priced in Dollars?
The oil industry began in Texas and so oil is priced in dollars. In 2009, however, the Independent reported what would be a highly-profound move: the Gulf States, China, Japan, France and Russia were negotiating to end dollar-denominated dealings in oil. Use would instead be made of a basket of currencies including the euro, Chinese…