Many Countries Turning To A “Stateless Currency”… Gold Authored by Mike Maharrey via Money Metals, Many central banks are opting for a “stateless currency” – gold. That’s how a recent article published by Nikkei Asia put it, noting that “central banks are diversifying away from the dollar and yuan.” The article notes that the proportion of greenbacks in foreign reserves has dropped significantly from over 70 percent in the early 2000s to a historic low of around 58 percent today. Meanwhile, central banks are loading up on gold. Central banks globally added a net 483 tons of gold through the…  — Continue at ZeroHedge News : Read More

Many Countries Turning To A “Stateless Currency”… Gold Authored by Mike Maharrey via Money Metals, Many central banks are opting for a “stateless currency” – gold. That’s how a recent article published by Nikkei Asia put it, noting that “central banks are diversifying away from the dollar and yuan.” The article notes that the proportion of greenbacks in foreign reserves has dropped significantly from over 70 percent in the early 2000s to a historic low of around 58 percent today. Meanwhile, central banks are loading up on gold. Central banks globally added a net 483 tons of gold through the…  — Continue at ZeroHedge News : Read More