Thorsten Polleit
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Thorsten Polleit official channel | Economist | Investor | Author
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Something terrible is going to happen to fiat currencies.
Let's see when the Fed blinks, finally.
“We will see that the fight against inflation will have been called off before inflation has been fully beaten. ... dealing with the banking crisis is much more important than squeezing out the remnants of inflation.”
https://www.telegraph.co.uk/business/2023/03/18/thousands-city-jobs-risk-amid-race-credit-suisse-rescue
The chart shows central banks' gold reserves, million ounces from Jan '59 to Jan '23.
I may say that I would rather see these gold reserves in the hands of the people rather than in central banks' vaults.
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