Tuesday, November 26, 2013

Wealth Flowing East

What will happen to the relative value of fiat currencies as not only production, but the anchor of wealth flows east? The debt denominated in those fiat currencies? The relative value of gold?

via Zerohedge

The last twenty years have seen an acceleration of real wealth transfer from the west to the east. Nowhere is that more evident than the change in gold stock piles since 1993 with Russia and China gorging and Holland, Belgium, and most notably Switzerland selling it all...

Chart: Goldman Sachs

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