Central Banks are Preparing for a Global Sovereign Debt Crisis
Heresy Financial: 4-5-2023
Gold, that barbarous relic, that shiny yellow rock. For some reason, the price is getting dangerously close to breaking out to fresh new all-time highs.
And for some reason, central banks have been trying to prevent this from happening for a long time now.
And for some reason, central banks are now buying gold at a faster pace than they’ve bought gold for the last 70 years. So why now?
Well, we are going to get clues from this by looking at the last time something very similar happened.
Timecodes
0:00 Introduction
0:37 Concentration of Gold Buying among Central Banks
2:20 Central Bank Gold buying trends in recent years
3:35 Significance of Current Central Bank Gold buying trends
5:30 The Collapse of the London Gold Pool and Sovereign Debt
9:00 The Role of Gold in the Global Reserve Currency
