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sam_site
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The Fall in International Reserve Assets

- Hugo Salinas Price - Plata.com

I presume you are mostly counting dollars and Treasury bonds and not gold as you mentioned. The world is de-dollarizing and we should start seeing more reserves converted to gold. Also there is a trend to directly trade bi-laterally and skip paying the gringo middleman. This would make the need to keep dollars or any reserve less as a direct exchange rate would facilitate trade without the need for a reserve fund.

Commented 3455 days ago

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Beginning of the headline :Something important has happened since August 15, this year. I have been following global central bank "international reserve assets" (excluding gold) as tallied by Bloomberg, for the past 18 years, and I have seen them increase steadily over the whole of that time. My source has been Doug Noland's "Credit Bubble Bulletin" at www.prudentbear.com. In September of last year, I wrote an article, "The Stalling Growth of International Reserves" published on my website, www.plata.com.mx Now the... Read More

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