This story is known but not really appreciated in the USA.
This movement, a basket of currencies, backed by gold, perhaps other commodities in a new global currency reserve for central banks, is fact. It matters to you and me in impacting our investing results. It is part of answering the question: why commodities and specifically precious metals are an important element in financial holdings? The interview linked below, goes far beyond the text below.
I accept the information as probable; however, it is one person’s opinion. Consider if it fits into your framework of world view. Continue reading