from King World News
As the monetary madness continues, look at the powerful piece below.
[…] “The two most powerful warriors are patience and time.” — Leo Tolstoy
And for those worried about the action in gold and silver…
By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein
October 21 (King World News)
The following chart shows the “world gold price.” Instead of using US Dollar or Euro terms, it expresses the gold price in terms of the trade-weighted exchange rate of the US dollar. If one compares the world gold price to the USD gold price, one can see that there has been a growing divergence between the two since 2014. This was primarily due to increasing confidence in the US economy’s recovery and the associated rate hike fantasies, which boosted the US dollar.