In Gold Emerging Countries Trust

   Deutsche Bank has a great piece about forex reserves and the EU debt crisis. It noted that while the Euro has held up surprisingly well, gold has been the major beneficiary, especially among emerging economies.  Industrialized countries, however,  have reduced their gold reserves. This reveals the differing philosophies of industrialized nations as compared to those of the emerging counties. Industrialized countries trust fiat paper money, and emerging nations trust gold as the ultimate reserve currency.



















Black Swan Insights

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3 comments:

  1. When will people realize that gold is the only true kind of money. Fiat always goes to zero. It is good to see emerging markets buy gold (mainly china). This puts a floor under the price and makes it a good investment.

    FD: Long gold/short dollar

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