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Global Monetary Systems Set To Collapse
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By Peter Costa
In the last article I posted I exposed the two types of global monetary systems we have gone back and forth from for centuries. If you did not read it please make sure you read it before you continue reading this article here is the link http://goldcoinblogger.com/fiat-monetary-system-revealed/
It is important for all my readers to know how currencies and global monetary systems are currently manipulated. As discussed in my prior work the mechanism behind the manipulation taking place is a central banking system backed by fiat currency. This is the central system most established countries operate from. As revealed this type of system allows banks to practice fractional reserve banking which essentially promotes banks to loan out more money than they have thus artificially expanding the money supply causing major instability in the economy. This type of practice has enabled companies to become too big to fail as well as currencies to become devalued at a rapid rate. As a result of this practice we now have a deadly web of financial turmoil so well woven that it is only growing by the day. The structure of this web is simple to identify. Read More→
The Truth Behind The Dollar And The Value of Gold
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By Peter Costa
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The price of gold is unparalleled from any other time in the nation’s history and is only expected to continue this upward trend. As much as the gold bears are expecting a price correction with gold I feel the yellow metal is only going to become more and more valuable. A copious amount of investors are treating gold like it is a mutual fund or stock not realizing it is an asset more than anything and is used as a storehouse of value. Globally we are in an anomalous time that surpasses any investment wave or price correction. We are in a time where all of the currencies globally are suffering and if not attended to could collapse. It would take a true historian to understand the present circumstances we are in because history truly repeats itself. I am far from a historian but based on my considerable research of past economic events I have come up with a serious case pertaining to where things are heading. Read More→
The IMF Is Driving Up Gold Prices
Posted by: | CommentsBy Peter Costa
It does not take a renowned economist or hedge fund manager to see the value of gold these days. For the last 3 months gold has consistently been breaking record highs leaving everyone in awe. As scores of individuals speak about this being a bubble in gold, I tend to differ in opinion.
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There are countless events driving up the price of gold but there is one in particular that we should observe with a watchful eye. The selling of the IMF gold reserves has contributed greatly to the recent surge in the price of gold and is only the beginning for the yellow metal. 
On September 18, 2009, the Executive Board of the IMF approved the sale of 403.3 metric tons of gold (12.97 million ounces) which amounts to one-eighth of the Fund’s total holdings. China for the longest time was the likely candidate for the sale and stated that they were willing to buy up the whole amount in one swoop. In a twist that blindsided the global economy, India negotiated to buy half of the amount and over a 2 week period ended up purchasing 200 metric tons. Since this purchase has been announced the price of gold has jumped up nearly 7% in value. Rumors have been swirling around that India purchased the gold at a premium and the amount they paid is still undisclosed. The reason for the recent purchase from India was to diversify its reserves away from the US dollar which has weakened in recent months. “The US dollar in the last five month has lost 6.5% of its value and is only going to become worse” stated Ronald Fricke president of Regal Assets last week in response to the recent IMF purchase. China has already been extremely vocal about the weakening dollar and now with India steering away from the greenback a domino effect could follow. There seems to be solidarity among the central banks that it is better to cut back on currency holdings and diversify into assets like gold. As the US dollar continues to plummet the global currencies will be dragged down with it. Fiat currency has never worked as a monetary exchange and is doomed to fail. As more currencies start to lose their value the fight for gold will only escalade. Read More→
