Financial authorities and central banks seem to adopt a negative stance towards gold in their official statements. Nevertheless, gold demand from investors on various levels always rises during economic crises. At the same time, central banks keep on stashing gold whatever the situation, as part of a ‘just in case’ strategy.
To understand when a new global crash is coming, it's enough to look at the gold purchases made by central banks in several countries during 2019.
Central bank executives know exactly when the next financial crisis is coming, because they directly participate in causing it. Based on this, they know when to start preparing for the financial market crash. Gold is their key asset since its value is recognized all over the world thanks to its rarity. Governments and banks regularly increase their gold reserves, expecting that it will help them protect both their finances and their power in case of a severe crisis.
While most people on the planet live in poverty, entrepreneurs and executives on different levels keep increasing their wealth by using their social position. As the divide separating the rich from the poor gets wider, their respective levels of influence on social processes also differ more and more. The elites strive to own real physical assets and to restrict the rest of the population from accessing these assets. Why so?
Banks use an array of techniques to confiscate people's real assets an
d their personal wealth. The purpose is to strip them of their independence by making them forget what it means to own property. Soon enough, we'll see a new generation of people who won't remember what it means to own their homes, land, commodities or precious metals. Few will try to leave an inheritance to their grandchildren. Most will be happy with little and therefore find themselves highly dependent on the state.
Judging by how fast central banks are building up their gold reserves, one can conclude that the next crisis is near. The increase in the price of gold also points to high demand – and therefore, a pre-crisis state of the economy. Everyone who can afford to is stashing gold.
We still remember the last financial crisis of 2007-2008. It just so happened that a new gold price rally took place between 2009 and 2012: during the banking crisis the price went up by 70%. However, the rally eventually ended due to manipulations by the banks, and some experts even predicted that the price would fall below $1,000 per ounce. This didn't happen, though. Why?
The reason is that central banks have become net gold purchasers. Nobody wants to sell anymore. Since 2008, the global financial system has been in a critical condition. Unless the underlying problems that emerged in 2008 are resolved, the price of gold won't drop the way it has during the last crisis.
In 2018, gold prices surged from $1,200 to $1,600 – all in a single year. Despite this, central banks keep on buying gold. Many private investors see the writing on the wall and are also building up their gold reserves.
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