In a recent interview the Dutch central bank (DNB) shares it has equalized its gold reserves, relative to GDP, to other countries in the eurozone and outside of Europe. This has been a political decision. If there is a financial crisis the
Jan, just read your Part 2 (including the summary of Part 1). Taken together with this latest piece, it seems to me a remarkable exercise in research and analysis.
While in a sense it's still an hypothesis, the evidence you pull together of progressive harmonisation of various ratios does seem too consistent to be coincidental.
I confess it runs counter to my long-held perceptions (biases?🤔) of widespread fecklessness amongst western central banks, but you've persuaded me to be a bit more open-minded about where things might be headed.
If the DNB and other Euro countries believe 4% of GDP is a prudent amount to hold, I wonder what the percentage of an individual's net worth should be in physical gold?
Good article. Just out of curiosity, what do you know / think about Kinesis and their blockchain / physical gold based system? I know this isn't the topic of the article, but you're someone I've followed for many years and respect your opinions. Thanks. And BTW, do you get a feel from all your study of and insights into these people, ie, DNB and the other banksters, how close they feel we are to that crisis moment? 2024?
Congrats! I have been following your substack for a couple of years and saw that Zerohedge picked up this post!!! Thanks for all you do!
Jan, just read your Part 2 (including the summary of Part 1). Taken together with this latest piece, it seems to me a remarkable exercise in research and analysis.
While in a sense it's still an hypothesis, the evidence you pull together of progressive harmonisation of various ratios does seem too consistent to be coincidental.
I confess it runs counter to my long-held perceptions (biases?🤔) of widespread fecklessness amongst western central banks, but you've persuaded me to be a bit more open-minded about where things might be headed.
Thanks, and congratulations on some fine work.
If the DNB and other Euro countries believe 4% of GDP is a prudent amount to hold, I wonder what the percentage of an individual's net worth should be in physical gold?
Good article. Just out of curiosity, what do you know / think about Kinesis and their blockchain / physical gold based system? I know this isn't the topic of the article, but you're someone I've followed for many years and respect your opinions. Thanks. And BTW, do you get a feel from all your study of and insights into these people, ie, DNB and the other banksters, how close they feel we are to that crisis moment? 2024?