World Monetary System On The Way To A New Gold Standard
April 25, 2014
As the world seems to hurtle from one crisis to another, today a man out of Europe who has been extremely accurate with his calls on the gold market sent King World News a fantastic piece which shows that the world monetary system is on the way to a new gold standard. Below is the exclusive KWN piece by Ronald-Peter Stoferle of Incrementum AG out of Liechtenstein.
By Ronald-Peter Stoferle, Incrementum AG Liechtenstein
April 25 (King World News) – The Monetary System At The Crossroads – On The Way To A New Gold Standard?
“The modern mind dislikes gold because it blurts out unpleasant truths” Joseph Alois Schumpeter
We have pointed at the gradual remonetisation of gold since our very “In Gold we Trust” Report. While it had formerly been up to a handful of critical minds to question our monetary system, high-profile politicians and central bankers have meanwhile offered their opinions, too. During the last few years we saw numerous signals which indicated the fact that gold was gradually becoming “politically correct.” Robert Zoellick, President of the World Bank and former member of the Bush cabinet, had this to say about the gold standard:
“The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values. Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today. The development of a monetary system to succeed “Bretton Woods II,” launched in 1971, will take time. But we need to begin.”….