Wells Fargo: Gold Bull Run Signals Growing “Lack Of Trust” In Monetary System

https://nationandstate.com/2020/08/27/wells-fargo-gold-bull-run-signals-growing-lack-of-trust-in-monetary-system/

Authored by Michael Maharrey via SchiffGold.com,

It’s easier to understand gold’s record-breaking move up if you look at it from the other side of the equation. The dollar is now at its all-time low compared to gold. In simple terms, the dollar is losing value and dollar debasement is driving up the price of gold.

This isn’t a narrative you don’t typically hear on the mainstream financial networks, but there seems to be a growing awareness that the dollar and the system based on it might be in trouble – even in the mainstream investment world.

We’ve seen Warren Buffettmake a bet on gold, and Goldman Sachs recently warned that the dollar could be in danger of losing its reserve status.

Now, Wells Fargo has weighed in, warning in a report that the bull run in gold signals “a growing lack of trust in the world’s monetary system.”

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