What’s telling about the new Basel III rules is not that governments are buying gold at a record pace for four years and counting.
They always do when debt balloons to unsustainable levels.
(**NOTE: Today, global debt sits at $346 trillion.)
What’s telling about Basel III rules is that a private, dollar-creating institution like Tether, which operates outside the political spotlight, is allocating its profits to gold.
If you take nothing else from this email, get this: Confidence in fiat currencies is evaporating. Technically, gold isn’t “going up.”
Fiat currencies like the dollar that are going down. If you understand this one point, you can prosper in the years ahead.
Gold is re-entering the monetary system not by government decree, but by necessity. President Trump knows this. The whole world knows it.
No wonder Tethers CEO, Paulo Ardoino, is smiling…
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