Gold and Silver: The Ultimate Antidotes for Currency Collapse.
In this report I cover the major currency event of the week which was the collapse of the Turkish lira on Friday, August 10th, 2018.
I talk about how the sudden implosion of the lira is a lesson to people everywhere and that this kind of currency implosion does not only happen in less developed or emerging market countries. I point out that the only way to insure one's savings versus this kind of event is to have monetary insurance in the form of physical gold and silver.
I point out that the dollar or Federal Reserve note is not immune to currency collapse and that the only reason it is holding up relatively well for now is that it is still the reserve currency for the world.
To conclude I analyse several charts of gold in different currencies and point out how the technical picture for gold, especially in sterling and euro, reversed dramatically to the upside after touching key technical supports earlier in the week.
Support the channel:
maneco64 store: https://teespring.com/en-GB/stores/maneco64
https://www.paypal.me/maneco64
https://www.patreon.com/user?u=3730528
BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA
BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5
ETHEREUM: 0xfffd54e22263f13447032e3941729884e03f4d58 LITECOIN: LY6a8csmuQZyCsBZbLDTQMRuyLdsW9g2na
DASH: XgCTCWbz3yMYZKwNH9o8eaEFt45eAUaVuZ
▶️ DTube
▶️ IPFS
Good morning mario thank you for the update, this could well lead to a humanitarian crises not just for turkey! but i fear a massive exodus in to europe as the barriers come down and immigrants flood in across its borders! have a good weekend my friend.
Good points. Have a good weekend too!
How do you think things will go when the markets reopen Monday. Cheers mike
Great review about golo and silver.i am happy to get your video so this is helpful post for us and u appreciate your post every post and your every post just mind blowing so keep it and we want to that you continue your creativity in this platform ..
Just it..
Methink is U.S. threatens Turky by retrieving dollar and destabilizing Turkish economy. The reason is Eardogun's approach to Russia and moving away from NATO. It's the punishment for Turkey and to bolster dollar at the same time. But the consequence could be the world banking sector tottering.