German Central Bank: Gold Is the Bedrock of Stability for the International Monetary System
thegoldobserver.substack.com
European central banks are slowly preparing for plan B: gold. Written by Jan Nieuwenhuijs, originally published at Voima Gold Insight. It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now. Instead of discouraging people from buying gold, or convincing them that gold is an irrelevant asset, many of these central banks are increasingly honest about the true properties of this monetary metal. Stating that gold is the ultimate store of value, that it preserves its purchasing power through time and is a global means of payment. Such statements, combined with actions that will be discussed below, reveal that more and more central banks are preparing for plan B.
German Central Bank: Gold Is the Bedrock of Stability for the International Monetary System
German Central Bank: Gold Is the Bedrock of…
German Central Bank: Gold Is the Bedrock of Stability for the International Monetary System
European central banks are slowly preparing for plan B: gold. Written by Jan Nieuwenhuijs, originally published at Voima Gold Insight. It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now. Instead of discouraging people from buying gold, or convincing them that gold is an irrelevant asset, many of these central banks are increasingly honest about the true properties of this monetary metal. Stating that gold is the ultimate store of value, that it preserves its purchasing power through time and is a global means of payment. Such statements, combined with actions that will be discussed below, reveal that more and more central banks are preparing for plan B.