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Monday, December 23, 2019 1:22:45 PM
Hoarding Cash
By: Martin Armstrong | December 23, 2019
COMMENT: Marty, it seems like the world is always following you. Now the Wall Street Journal has come out and said that billions of dollars in cash are vanishing. They are always well behind you no matter who I read.
All the best
RH
ANSWER: Yes, it is interesting. There seems to be a 6 month lag I suppose. The WSJ wrote:
“Banks are issuing more notes than ever and yet they seem to be disappearing off the face of the earth. Central banks don’t know where they have gone, or why, and are playing detective, trying to crack the same mystery. The puzzle is especially perplexing since societies and companies are going cashless, given the boom in payments by cards and cellphone apps. The value of U.S. dollars in circulation hit about $1.7 trillion last year… A Federal Reserve economist, Ruth Judson, wrote in a 2017 paper that about 60% of all U.S. currency, and about 75% of $100 bills, had left the country by the end of 2016…”
The Hoarding Dollars Report will be available from January 1st. They are starting to notice the hoarding, but still remain clueless as to why and the future implications. Other have tried to weave in gold as well. They just do not give up. Gold hoarding has declined in many regions because dealers have to report who are the buyers. Cash has become king, but there are some risks for non-US currency.
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DiscoverGold
By: Martin Armstrong | December 23, 2019
COMMENT: Marty, it seems like the world is always following you. Now the Wall Street Journal has come out and said that billions of dollars in cash are vanishing. They are always well behind you no matter who I read.
All the best
RH
ANSWER: Yes, it is interesting. There seems to be a 6 month lag I suppose. The WSJ wrote:
“Banks are issuing more notes than ever and yet they seem to be disappearing off the face of the earth. Central banks don’t know where they have gone, or why, and are playing detective, trying to crack the same mystery. The puzzle is especially perplexing since societies and companies are going cashless, given the boom in payments by cards and cellphone apps. The value of U.S. dollars in circulation hit about $1.7 trillion last year… A Federal Reserve economist, Ruth Judson, wrote in a 2017 paper that about 60% of all U.S. currency, and about 75% of $100 bills, had left the country by the end of 2016…”
The Hoarding Dollars Report will be available from January 1st. They are starting to notice the hoarding, but still remain clueless as to why and the future implications. Other have tried to weave in gold as well. They just do not give up. Gold hoarding has declined in many regions because dealers have to report who are the buyers. Cash has become king, but there are some risks for non-US currency.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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