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Ronan Manly: Gold is the ultimate asset as Fed joins race to the bottom in interest rates
5:56p ET Wednesday, July 31, 2019
Dear Friend of GATA and Gold:
Bullion Star gold researcher Ronan Manly writes that the Federal Reserve's interest rate cut today will hasten the race among central banks to devalue their currencies with more interest rate reductions and asset purchases.
Manly writes: "This is where gold enters the picture -- physical gold, which has no counterparty risk; physical gold, which has an intrinsic value. Whatever reason you choose to hold gold, the actions of the central banks at this juncture are becoming increasingly perilous. Yet for central banks, gold is financial insurance against the probability that these same central banks know the current system is not going to last. That's why they themselves hold gold in such vast quantities and are lining up to buy more, across China, Russia, India, and Europe."
Manly's commentary is headlined "Gold Is the Ultimate Asset as Fed Joins Race to the Bottom in Global Rates" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Kinesis Engages Contis to Launch UK, European Debit Card for Its Digital Gold and Silver Currencies
Tuesday, June 4, 2019
LONDON -- Today Kinesis Money announces the initiation of its U.K. and E.U. debit card program with Contis Group, the award-winning platform as a service that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4.
The release of these euro- and pound-denominated debit cards will cement Kinesis' position in the market as a formidable global fintech player. The Kinesis debit card will allow Kinesis' clients in the U.K. and Europe to easily and efficiently use their Kinesis currencies to make purchases anywhere that has a merchant facility, as well as withdraw funds via global ATM networks. ...
... For the remainder of the announcement:
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