Central Banks Are Buying Gold At The Fastest Pace In Six Years

in #gold5 years ago

Is the dollar doomed?

The actions of central banks might tell the story.

Lately, they have been moving away from U.S. debt and buying up a lot of gold. This is a radical departure when you consider banks consider that they consider this type of debt to be on par with cash. The U.S. dollar is the world's reserve currency with that debt market the largest, most liquid in the world.

A number of central banks besides China are behind the buying. This could show their faith in the future of the USD.

Could we be in for a collapse of the U.S. dollar?

To read full story, click on image.

Sort:  

Be prepared pls

Posted using Partiko Android

About 0$ has been spent to promote this content.

About 86.73$ has been spent to promote this content using Steemium.
Learn more here!

You got a 44.83% upvote from @brupvoter courtesy of @steemium!

You got a 6.74% upvote from @minnowvotes courtesy of @steemium!

You got a 64.70% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70351.33
ETH 3563.43
USDT 1.00
SBD 4.72