The Controlled Descent & Devaluation of Fiat Currencies in 2013 ▸
The Controlled Descent & Devaluation of Fiat Currencies in 2013 ▸ RESET
Fiat currencies will continue to decrease against gold as central banks continue to devalue their currency in 2013, according to Vince Lanci of FMX Connect. In this week’s edition of “RESET”, we examine the controlled descent of fiat currencies and take a look at how this may impact the gold market, as well as discuss Chinese gold demand, gold mining stocks and Vince’s trading ranges. According to Lanci, central banks do in fact want weaker, devalued fiat currency, although they don’t want fearsome headlines like “Euro circling the drain”; once they can tightly control the descent of their currencies, it will lead to a pronounced decrease in volatility, which he believes we have already begun to see.
Read more: http://1goldinvestment.com/the-controlled-descent-devaluation-of-fiat-currencies-in-2013-%e2%96%b8-reset/