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Central Banks Know The Game: They’re Buying Gold

The fiat monetary system is built on trust in counterfeiting central banks. One should never trust a counterfeiter, so naturally, governments and central banks don’t trust each other. They buy gold while and claiming that gold is no longer money. They know that if the counterfeiting goes to extremes, gold will re-enter the monetary system. When the choice is between depreciating paper or gold, people ultimately reach for the gold.

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12:31 pm on December 9, 2022