Sunday, June 26, 2016

Gold Is The Currency Without A Central Bank
Art Cashin:
Cashin warns that central banks are desperately trying to avoid a global meltdown after Brexit .. "Brexit has become a kind of economic earthquake that has rattled around the globe into almost every market that trades .. Central banks are trying to prevent it from turning into that (2008-style) situation. I think this is something that we will see evolve over the coming days and weeks. The potential is there for it to turn into quite a disruptive mode, so I would not get too far away from where I need to communicate with you .. You’ve got to remember that gold is the currency without a central bank. And in today’s environment, people are not too happy with what the central banks are doing. So that will lead more people than normal to see gold as a storehouse of value and an alternate currency for them to be in. The thing that will send gold into the stratosphere will be if we begin to see some velocity in our money because that could be the spark that could set off inflation, maybe even hyperinflation."
LINK HERE to the article

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