The European Central Bank (ECB), creator of the Euro, currently claims to hold 504.8 tonnes of gold reserves. These gold holdings are reflected on the ECB balance sheet and arose from transfers made to the ECB by Euro member national central banks, mainly in January 1999 at the birth of the Euro. As of the end of December 2015, these ECB gold reserves were valued on the ECB balance sheet at market prices and amounted to €15.79 billion.
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Tag Archive: gold standard
Keith Weiner: Gold Standard etc.
The Gold Standard Institute starts posting on snbchf.com. It is based in Phoenix AZ, is a 501(c)3 tax-exempt educational organization dedicated to spreading awareness and knowledge of gold, and to promoting the use of gold as money.
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The Gold Standard For Democrats
Keith Weiner describes how the Fed pushes down the interest rate and due to that, it drives up prices of food and rents. This implies that businesses are clearly priviliged against workers. The gold standard does the opposite, if prefers savings and workers. Hence Democrats should be fan of the gold standard.
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ECB Measures Background: How to Reduce German Competitiveness and Talk down the Euro
In our view, the ECB measures of June 2014 want to increase German lending, spending, salaries and inflation. Finally they target a reduction of German competitiveness. The ECB wanted to talk down the euro but will not succeed. We explain why the measure are bullish for the euro. We expect EUR/USD of 1.40 in the … Continue...
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Democracies Like Bubbles, Totalitarian Regimes Hate Them
Totalitarian regimes, like China, fear bubbles and revolutions. Strangely, these regimes help to prevent asset bubbles, and the resulting unequal distribution of wealth between rich asset owners and the poor without assets. Today’s FT article shows how Chinese authorities fear the bubble and the revolution. China cash crunch deepens as PBOC withholds funding Short-term interbank …
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The Secret Return to the Global Gold Standard
Central banks are buying masses of gold reserves. If this game continues we will end up again in the global gold standard. MktGeist Blog
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8) Euro Crisis and Euro Macro
We are currently looking for a curator that takes over the euro macro category. The Euro Crisis and its Reasons, details and chronology, German economists ,Eurobonds, fiscal or banking union,Who Says No to Austerity, Says Yes to the Northern Euro Ways to the Northern Euro
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