{"id":2242,"date":"2018-06-26T13:30:09","date_gmt":"2018-06-26T18:30:09","guid":{"rendered":"http:\/\/esterlund.com\/blog\/?p=2242"},"modified":"2018-06-26T13:30:09","modified_gmt":"2018-06-26T18:30:09","slug":"moving-bullions-home-central-banks-repatriate-their-gold-west-to-east-alternative","status":"publish","type":"post","link":"https:\/\/esterlund.com\/blog\/moving-bullions-home-central-banks-repatriate-their-gold-west-to-east-alternative\/","title":{"rendered":"Moving Bullions Home: Central Banks Repatriate Their Gold, West to East | Alternative"},"content":{"rendered":"

\"\"<\/a>Source: Moving Bullions Home: Central Banks Repatriate Their Gold, West to East | Alternative<\/a><\/em><\/p>\n

Monday, June 25, 2018 9:50<\/p>\n

21st Century Wire<\/strong><\/a> says\u2026<\/p>\n

We\u2019ve warned of this financial development in the past, but many in the West still think they can get their hands on other people\u2019s gold<\/a> \u2013 this is no longer the case, from Russia, Turkey, Germany, to the Netherlands and beyond.<\/strong><\/p>\n

There\u2019s a currency war going on, and gold<\/em> is at the center of a geopolitical power shift, according to precious metal analyst Claudio Grass<\/strong> in an interview with RT<\/em>.\u00a0RT<\/strong><\/a><\/p>\n

The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending.<\/strong><\/p>\n

One such sign is the recent repatriation of gold from the United States. Countries such as Turkey, Germany, the Netherlands have been moving the bullions home. The reason is the Cold War is over and countries don\u2019t see Russia as a threat anymore, says Claudio Grass, an independent precious metals\u00a0advisor<\/a>\u00a0and Mises Ambassador.<\/p>\n

\u201cCentral banks moved their gold because they felt threatened by the USSR and saw the USA as their natural ally. The fact that central banks are repatriating their gold shows that this has changed. It also implies that they don\u2019t see Russia as a bigger threat than the USA any longer. Europe stands in the center of this geopolitical power shift and some countries obviously believe it\u2019s wise to store the gold in their home countries,<\/em>\u201d he told RT.<\/p>\n

The world has been living in crisis since 2008, while a currency war started even earlier, notes Grass. Central banks have been printing trillions of dollars out of thin air, while central banks are coordinating the debasing of currencies and pouring money into all kinds of financial assets, real estate and bonds.<\/p>\n

\u201cNonetheless, it is obvious that the systematic problems are not solved, on the contrary, the risks became bigger and more fragile than a decade ago,\u201d<\/em>\u00a0said Grass.\u00a0\u201cAs you know more than 65 percent of all monetary reserves in the central banking system are held in the world currency reserve, which still is the USD. Therefore, holding physical gold is definitely the best hedge against a crash of any paper currency, and therefore also against a crash of the USD.\u201d<\/em><\/p>\n

The global debt has soared to $230 trillion, as the global economy has got stuck in\u00a0\u201cMonopoly-Game\u201d<\/em>\u00a0system, that is based on debt and financial leverage, the analyst notes.\u00a0\u201cThe last geopolitical shift that started with WWI and ended with WWII put the US in this dominant position, because they owned and stored 70 percent of the gold reserves of the free world. This was also the main reason, why the USD became the world currency reserve. For the past 30 years we can witness another geopolitical power shift going from West to East. As you know, everything operates in cycles,\u201d<\/em>\u00a0Grass said.<\/p>\n

***<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Source: Moving Bullions Home: Central Banks Repatriate Their Gold, West to East | Alternative Monday, June 25, 2018 9:50 21st Century Wire says\u2026 We\u2019ve warned of this financial development in the past, but many in the West still think they can get their hands on other people\u2019s gold \u2013 this is no longer the case, … Continue reading Moving Bullions Home: Central Banks Repatriate Their Gold, West to East | Alternative<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[35,23],"tags":[],"_links":{"self":[{"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/posts\/2242"}],"collection":[{"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/comments?post=2242"}],"version-history":[{"count":1,"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/posts\/2242\/revisions"}],"predecessor-version":[{"id":2244,"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/posts\/2242\/revisions\/2244"}],"wp:attachment":[{"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/media?parent=2242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/categories?post=2242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esterlund.com\/blog\/wp-json\/wp\/v2\/tags?post=2242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}