














So there you have it!


Keeping in mind that the pronouncements of news outlets on the mainland tend to closely align with the views of Bejing’s rulers, and that the Party speaks of important matters obliquely, the Global Financial Times, China recently had this to say:

So the gold standard is an effort by the world market and financial system to balance the “Trumpian future.” It means that the US can take its own path and Americans will have the right to look after themselves, but other countries around the world will also have the right to make their own choices.

In other words this will be a process of rebalancing in the world financial market, forcing the US to face up to problems. It needs to make a choice: fulfill the obligations and responsibilities for international finance, or abandon the international status of the dollar, thus allowing the dollar to become a common currency…

For the US, the gold standard is a choice that cannot be avoided. The existence of the choice matters a lot. Central banks would increase their holdings of gold reserves to prepare for the return of the gold standard. Gold prices will rise. Besides that, the most important thing is whether the US is willing to accept any big change or wants to return to the old financial order…


In short, it’s an odds-on bet that over the next few years, profound structural changes are in store for the world financial system.

As China, Russia and other key players attempt to “re-rate” the US dollar from Reserve Currency, top-dog status to “a common currency,” we should pay attention and adjust our personal financial profiles accordingly.

The Veterans Day 2019 $5.50 Silver Spike

On Veterans Day, in thin market conditions, an intra-day silver spike turned out to be a false signal. But what if it had been for real and on the open for the next trading day, the price had held, or even moved up to $25? And you had no silver? What now, sport?

One of these days, a surprise move like this for both gold and silver could be for real.

We don’t need to predict exactly when in order to protect ourselves and make sure we’re “involved” by having some metal insurance. Why allow ourselves to be relegated to the status of long-term spectators – minus the binoculars?






David Smith is Senior Analyst for TheMorganReport.com and a regular contributor to MoneyMetals.com. For the past 15 years, he has investigated precious metals’ mines and exploration sites in Argentina, Chile, Mexico, Bolivia, China, Canada, and the U.S. He shares his resource sector findings with readers, the media, and North American investment conference attendees.

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