"Fraud and falsehood only dread examination. Truth invites it."
Samuel Johnson
Gold is flowing from West to East.
Net central bank purchases of gold in 4Q 2018 were the highest on record.
So few notice— and even fewer really understand.
Money is power, so do not expect this transition to go smoothly. Or quietly. Or honestly.
C'est la guerre des monnaies.
Truly, there is nothing new under the sun.
