Loading ...Likely Gold Revaluation
First the UK, now Germany. How many more central banks before the obvious revaluation of the gold price? They haven’t been buying gold for kicks. https://www.zerohedge.com/economics/german-central-bank-may-need-bailout-after-ecb-bond-scheme-losses-audit-office
How’s this for a misdirection scenario? We know governments and central banks like to obfuscate and hide problems. What if they use a gold revaluation, which is becoming inevitable anyway, as an excuse to divert and misdirect from the coming likely silver default on the Comex and LBMA? They get out in front of any disastorous default by revaluing gold “modestly higher from today’s market price”(still much higher than the official $42/oz) and when silver soars above $50 and more likely to $100 eventually, they can explain it was just realigning with the reality of the new gold price.