Friday, May 1, 2020

Two Words That Will Send Gold Prices Soaring Higher: Debt Monetization


Central banks have one main role in society: control the amount of money floating in the system. However, according to Adam Button, chief currency strategist at ForexLive.com, they are abdicating that role. 

Last weekend Adrian Orr, Governor of the Reserve Bank of New Zealand made only small ripples in financial markets when he said that he was open-minded about monetizing his nations debt last week. 

Button said that he was haunted by those comments during the weekend as this could be the start to global currency debasement.

- Source, Kitco News