This comes in spite of the fact they state the markets are currently "healthy" and that all is good for the time being.
Many may be lulled to sleep and put to ease by this double speak, however, there are many others around the globe that are not viewing the current state of affairs through rose colored glasses and are doing the smart thing, preparing for the inevitable crisis that is currently brewing, lying in wait just below the surface.
Easy money and quantitative easing has kept the markets artificially inflated for the last few years, leading to a booming economy for those who have had the luxury of taking advantage of this scenario, while others have been left behind in the dust, languishing and never fully recovering from the 2008 crisis, a crisis that has only been papered over.
Adding to this problem is the fact that we are currently living in a period of great geopolitical unrest, even if most people in the West are largely unaware of the incredibly volatile position the world now finds itself in.
Trade wars are commonplace, as the old norms of trade continue to break down. President Trump has taken a sledge hammer to past traditions, as he attempts to establish his "America First" policy, hoping that in the long run it will place the United States in a much stronger position.
Whether or not you believe this to be working largely depends on which side of the political spectrum you find yourself on, a spectrum that seemingly continues to grow further and further apart with each passing day, largely driven by the constant negative and incredibly biased coverage coming from the Mainstream Media.
While the West largely remains asleep at the wheel, happily plowing their hard earned fiat savings into a ballooning stock market, ignoring the vital protection of precious metals in these precarious times, others around the world are waking up and taking appropriate measures.
Countries such as Russia and China have been steadily and consistently accumulating precious metals while exciting their US dollar positions.
Collectively, already, both Russia and China combined have bought a staggering 251 tonnes of gold in 2019 alone! With the formers gold reserves now estimated to be at $109.5 billion, making them a true juggernaut in the precious metals arena.
Other countries, such as India, Poland, Hungary, Turkey and many others have also been accumulating the king of metals, steadily adding to their gold reserves, while exiting out of their USD reserve positions as well.
Now we can add one more name to that list, with Serbia
As reported by Russia Today;
"Central bank Governor Jorgovanka Tabakovic said the country paid about $434 million for the gold it bought last month, or $1,503 an ounce.
President Aleksandar Vucic gives his reasoning for entering into the precious metals space;
As indicated, he can see the incredible uncertainty that the world currently faces and is attempting to prepare his country financially, as best as he can, adding 9 tonnes of gold reserves last month.
This expands Serbias gold reserves by almost 1/3rd in just one month, bringing their total reported reserves to 30 tonnes of gold bullion.
Eventually, there is going to be a breaking point, in which the physical markets can no longer handle the demand from these countries hoping to expand their gold reserves and protect themselves.
At this point the flood gates are going to be kicked open and the dam that has been artificially holding precious metals back is going to break, sending prices catapulting higher.
When this day will come is unknown, as the "powers to be" have already proven just how capable they are with keeping a lid on gold and silver prices, however, I have no doubt that the day will eventually come.
Until this day, enjoy the discounts and keep stacking knowing that eventually you will be handsomely rewarded.
- Source, As first seen on the Sprott Money Blog
