The Restructuring coming
How Countries Drifting From Dollar to Multicurrency System Using Gold as Hedge
Global central banks have stepped up their gold purchases. Tatiana Fic, the director of Central Banks and Public Policy at the World Gold Council and Ronald-Peter Stoeferle, a fund manager at Incrementum AG, have commented on the trend foreseeing a further drift from the US dollar and the emergence of a global multi-currency system.
Serbia and the Philippines have joined the club of gold bullion buyers amid the worldwide surge of interest in the precious metal. According to the World Gold Council, the UK-headquartered market development organisation for the gold industry, net buying of gold by central banks across the world has reached its highest level.
"The recent purchases by Serbia and the Philippines are part of a wider trend of growing gold purchases by central banks", said Tatiana Fic, the director of Central Banks and Public Policy at the World Gold Council. "Central bank purchases of gold totalled 651 tonnes last year, the highest level under the existing international monetary system. In 2018, central banks added more gold to their foreign reserves than at any time since the end of Bretton Woods and the suspension of US dollar convertibility into gold nearly 50 years ago".
https://sputniknews.com/analysis/201905301075476770-dollar-gold-hedge/