Now this was predictable! Article: Central banks start to abandon the U.S. dollar
Unfortunately, this was predictable. Fortune Magazine reported this on July 9th. It makes you want to unload dollars and buy gold! From the article:
“A new report from Morgan Stanley analyst Emma Lawson confirms what many had suspected: the dollar is firmly on its way to losing its status as the reserve currency of the world. We already knew that central banks have preferred gold to dollars, and that they're even selling their gold for cash; now, according to Lawson's data, it seems that those central banks prefer almost anything to dollars.”
Did you catch that folks? Central banks are preferring physical gold to dollars. A gold coin in hand - that is now what those central bankers prefer. A gold coin in hand - is that what you prefer? If so, call us at Lear Capital !