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Tuesday, 04/28/2015 9:13:29 AM

Tuesday, April 28, 2015 9:13:29 AM

Post# of 63744
Meghnad Desai, Chairman, OMFIF Advisory Board "The world is preparing for possible twin shocks from the parlous position of the two main reserve currencies, the dollar and the euro. As China weighs up its options for joining in the reserve asset game, gold – the official asset that plays no formal part in the monetary system, yet has never really gone away – is poised, once again, to play a pivotal role. Many dismiss gold as a relic of the past or as an inadequate hedge against inflation. But from an asset management point of view, as well as on the basis of political analysis, gold has a lot going for it; it correlates negatively with the greenback, and no other reserve asset seems safe from the coming dollar shock."
https://www.gold.org/sites/default/files/documents/gold_renminbi_multi-currency_reserve_system.pdf
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