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The Race to Debase

The Race to Debase. Gold and the Monetary Base. Is Gold a Currency?. “We see gold as an officially recognized form of money for one primary reason: it is widely held by most of the world’s larger central banks as a component of reserves .” – Deutsche Bank. Gold & Fiat Currency.

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The Race to Debase

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  1. The Race to Debase

  2. Gold and the Monetary Base

  3. Is Gold a Currency? “We see gold as an officially recognized form of money for one primary reason: it is widely held by most of the world’s larger central banks as a component of reserves.” – Deutsche Bank

  4. Gold & Fiat Currency

  5. Demand for Gold • Net central bank purchases in 2011 exceeded 455 tonnes, the largest increase since 1964. • The World Gold Council (WGC) reported that central-bank purchases totaled 80.8 tonnes in Q1 2012, about 7% of global demand. • Over the past 12 months, net purchases have averaged almost 20% of total annual supply.

  6. Hedging Gold • Why? • Increase profitability by knowing where to sell • Decrease volatility, making forecasting future profits easier • Create yield on gold while its being held

  7. Questions? KKM info@KillirKapital.com

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