Wednesday, September 21, 2016

September 2016 The Gold Chronicles 
With Jim Rickards*
G20 Meeting Analysis .. China's snub against President Obama was the 2016 version of the Kowtow .. This is a very significant G20 summit, the Hangzhou Consensus are the new rules of the road for the international monetary systen ,, IMF Quota being reviewed in 2017 & expect emerging market voting shares to be adjusted .. BRIC's expected to have 15% voting power by end of 2017, which shifts the balance of influence within the IMF away from the U.S. .. Long term effect could include rebalancing the SDR currency ratios, removing use of USD for purchase of oil, & other measures which would reduce reliance on USD as world reserve currency .. Introduction to coming war on gold .. Once the "war on cash" is over, it is expected attention will shift to gold, & government will shift attention to gold . Buying gold may become increasingly more difficult from a regulatory standpoint in years to come .. Several non-U.S. Central Banks are buying billions of USD worth of U.S. stocks .. Expected longer term economic effect of SDR being re-weighted with Chinese Yuan .. 34 minutes

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