Financial Times/Robin Wigglesworth/6-23-2022
“His view is that the result will be a third Bretton Woods era, mostly defined by three main pillars: The Chinese renminbi is going to play a far larger, international role; gold is going to play a far bigger role in foreign currency reserves; and countries are going to stockpile reserves in essential natural resources in addition to financial ones.”
USAGOLD note: Zoltan Pozsar commands considerable interest whenever he publishes and his Bretton Woods III treatise released this past March is still being parsed and discussed among pundits, investors, and fellow analysts. Wigglesworth explores Pozsar’s origins, influences, and current thinking in the article linked above. “People are learning that you can have all the money in the world,” he tells Wigglesworth, “but if you can’t buy shit with it, it’s a problem. So you might as well stock up on stuff.” That, in a nutshell, explains why central banks, funds, institutions and high-net-worth individuals globally are buying yellow metal.
