In the face of a clear failure of religion in the stableness of fiduciary money, gold leaps rapidly up on the stock marketplace and becomes a key means of securing the assets of states, investors, and families. This is the consequence of an economical policy that increases debt and intensive supply of fresh money, according to Italian writer Maurizio Milano. In his opinion, a ‘world currency reset’ is coming at a time erstwhile any amount of gold held will mean profit and financial stability.
"The prices of gold are at the highest level in history", and their further growth announces purchases of natural material on a massive scale by central banks, currency funds and private investors, indicated the economist and publicist of the lanuovabq.it portal. As Maurizio Milano recalled, gold prices have risen nearly twice since the beginning of last year. In his opinion, this surge of prices is simply a sign of falling assurance in fiducial money.
"More than another financial assets, specified as banknotes or bonds, which require assurance in the ability of the debtor and his willingness to settle receivables, gold is accepted as a payment by all, everywhere and always," noted the publicist. Unlike gold, whose value is consistently increasing, assurance in currency is decreasing. "Fiducial money... is constantly devaluation due to expansionist monetary policy and uncontrolled debt," said Maurizio Milano.
According to the publicist, political shuffling can besides affect the currency's importance in the close future. The reason is to search independency from the dollar by the BRICS states, in consequence to Russia's exclusion from the SWIFT strategy and to frost Russian assets outside the Federation's borders after aggression against Ukraine.
“Gold is... a savings asset that carries no risk... If stored in someone's own possession, it cannot be frozen and can be utilized as the final means of payment even in the event of a financial collapse or armed conflict. This explains the ongoing gold fever, which is primarily a sign of distrust of the dollar," says Maurizio Milano.
In the opinion of the publicist, the planet is now on the verge of a global currency reset" and "the beginning of the end" based on the addition of global financial governance. According to him, this process began with the 2008-2009 financial crisis. "The imperial over-expansion of the United States is no longer sustainable. Over the past 30 years, it has led to the deindustrialisation of the country, the consumer degradation of the capitalist strategy and the financialisation of economics, with increasingly elusive debt control," said the publicist. As he added, this process has importantly accelerated since the war in Ukraine.
In Maurizio Milano's opinion, against inevitable changes in the financial market, possession of gold, silver, or platinum will further gain in importance as a sensible placement of capital, not only for investors but besides for families trying to defend their own savings.
Source: newdailycompass.com
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