Andy Schechtman recalls the summer of 2017. The German Bundesbank announced a 2020 deadline to repatriate all of their overseas gold. This was followed by a number of other European Countries. They appeared to be in a rush. At this point CB’s were net sellers of gold. In 2018 the CB’s became buyers. In 2019 Basel 3 came into play, reclassifying Gold as a Tier 1 asset on bank balance sheets. On the Comex there is a designation of “others” all of whom are standing for delivery. Highly unusual. One week ago we see the IMF calling for a new Bretton Woods. The Great Reset meeting is coming in Davos. Federal Reserve issues new rules to protect against the collapse of large banks. The call for a new system is here. We are entering a period of time where we must ask how much longer will the dollar last. We’re approaching the end.
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