Central banks are shifting from greenbacks into gold in a realignment to beat the debt crisis

Saturday, December 29, 2012
By Paul Martin

DECEMBER 29, 2012

Why would some global central banks actually want the price of gold to rise? Well they hold a lot of it on their balance sheets and in order to balance their assets against their rising liabilities one way to achieve this is to allow the price of gold to go up.

So inflate away the debts of the world by allowing the price of gold to increase? It is not as mad as it sounds. If you want to reset the global financial system this is one method of achieving it: tie the currencies of the world more closely to gold. It worked before for several hundred years.
Ex-Fed initiative?

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