Ray Dalio: “If You Don’t Own Gold, You Know Neither History Nor Economics” – The Reason For Our Unbroken Confidence In Gold

Monday, July 20, 2015
By Paul Martin

KingWorldNews.com
July 20, 2015

On the heels of the flash crash which saw the price of gold plunge more than $50 in the blink of an eye, today King World News is featuring a piece by a man whose recently released masterpiece has been praised around the world and recognized as unique work in the gold market. Below is the latest exclusive KWN piece by Ronald-Peter Stoferle of Incrementum AG out of Liechtenstein.

By Ronald-Peter Stoferle, Incrementum AG Liechtenstein

July 20 (King World News) – The Reason For Our Unbroken Confidence In Gold

What is the reason for our unbroken confidence in gold? Our predilection for gold is primarily based on our understanding of monetary history. At the moment, it appears as though faith in the omnipotence and infallibility of central banks is at an all-time high. This goes hand in hand with new record highs in stocks and especially government bonds. According to Jim Grant, who describes the price of gold as the reciprocal of the credibility of central banks, this is inter alia a likely explanation for the somewhat directionless performance of the yellow metal. Should the omnipotence of central banks be questioned by the markets, it could cause a fundamental change in perceptions and help gold regain its former respect and reach new heights.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter