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In Gold We Trust
Forbes Indonesia July 2018
Once content to allow their gold to be stored overseas more and more countries are now choosing to repatriate their bullion. Turkey, Germany, Holland and Hungary have all taken the time and effort to bring their gold home. In Germany’s case they chose to spend extra money to expedite the process 3 years ahead of schedule.
The Bank of Italy is losing investor confidence, investors are dumping Italian bonds. Italy’s 349 billion Euro non-performing loan problem is poised to wreak havoc in the EU.
How is the increasingly fragile banking system and this colossal change in how countries store their wealth connected? Frequent Forbes contributor and precious metals expert William Gray discusses this in his latest article.
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