Gold News! Central Banks Hoard Gold and Silver Part Two: The Petrodollar. Buy Gold and Silver.
Gold: $ 1315.30 Silver: $ 15.51 Platinum: $ 862.00 Palladium: $ 1546.00
Dateline: Del Mar, CA: Tuesday, March 26, 2019
FNB believes that there are multiple, interconnected and equally balanced reasons why central banks globally are aggressively and openly purchasing and then hoarding gold and silver bullion. Obviously, central bankers see red-flags in both national and global economies. These red flags cannot be ignored. The central bankers and the institutions they oversee have but one mandate: protect their own institutions’ reserves.
It’s obvious that key markers and key global events influence central bankers’ decision making processes. In this session, FNB addresses: The Petrodollar flight.
The Petrodollar Flight:
What’s interesting about the central banks and their obsessive accumulation of gold and silver bullion over the last few years is, “The Why?”
In our last session, FNB suggested that Brexit, the decision by one nation to return to its historical position of sovereignty was one compelling factor. Now, FNB examines: “The Petrodollar Flight.”
The exchange rate for petroleum based products, on both the purchase and sale sides has been since the early to mid-1950’s, and largely remains: The US Dollar.
What this means is that to the writing of this article, the majority of petro-sales are calculated in dollars. Dollars that foreign governments have been forced to find and then accumulate in order to satisfy their nation’s energy resource needs.
Slowly, this trend is changing. Changing and evolving as we speak.
Petrodollars now are finding fewer and fewer nations looking to use these as their purchase and sale receipt exchange medium. What this means is that the market for US Treasury Notes has seen a sharp decline over the last twelve months.
FNB believes that in days to come that many nations will ABANDON the US Dollar completely RE: their energy supply purchases and sales.
As nations flee from the historical mooring and historical exchange currency of US Dollars to satisfy their import and export balances, local national currencies are now used instead. What this looks like is US Dollars being either completely replaced by Russian, Indian or Chinese currencies, or, significantly reduced in their application.
FNB further notes that these nations are not ‘rogue’. Meaning, these are developed economies and established governments that simply wish to operate with their currency as the exchange rate for oil and gas purchases and/or sales.
FNB finds a direct link between central banks buying and selling and trading in other currencies, other than the US Dollar, as one of the primary drivers for gold and silver bullion purchases and hoarding.
Next time, FNB examines the role of petrol in particular, and other natural resources as their trading patterns change. These changing trading patterns mean more countries fleeing the US Dollar as reserve exchange rate. And, other (now, or soon to be) competing currencies that begin to supplant and occupy the space once held only by the US Dollar.
FNB posits and strongly asserts that capitalism and the capacity to own, manage and profit from the collective of private properties and/or business initiatives is a driving force that America and its leaders simply must protect.
FNB remains diligent and unwavering in the call for common, average American people to seek out the Safe Havens of gold and silver coins, and gold and silver bullion.
FNB, a national precious metals industry leader and reputable gold and silver coin dealer urges investors, bond-holders, speculators and all who manage and/or oversee their family’s financial portfolio begin now migrating larger allocations into the historical safe harbors of: Gold and Silver.
Jon Cavuoto,
Founder and Owner,
First Nation Bullion
For direct consultation with a gold and silver expert contact FNB:
inquiry@fnbcoin.com
1-800-745-7979