Central bank’s destroying money gold prices could soar big-time. Soaring money supply could mean skyrocketing gold prices gold prices move higher when the value of money diminishes don’t ever forget that as it stands globally central bank’s have been destroying money.
Certainly this sounds like a harsh claim but the data is very loud and clear about this phenomenon could send gold prices soaring immensely economics 101 when you have a lot of something it’s value declines.
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This is what’s happening to money these days central banks have been increasing their money supplies and over the long term it could be very positive for gold prices.
Look at any central bank you want and you will see it increasing its money supplu, look at the chart below of the m1 money supply of Japan, this is the most basic form of money in an economy it’s the notes and coins in circulation and the money in demand deposits accounts at the turn of the century in 2000 trypan had an m1 money supply of 222 trillion yen now at 701 trillion yen this represents an increase of over two hundred and fifteen percent in about 17 years in 1960 Japan’s m1 money… Watch Video for full information
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