Jim Rickards on Currency Wars 2015 : First Shots Fired In Europe

Historically, the Swiss franc has been one of the most stable currencies in the global markets. But just earlier this month, the Swiss central bank split apart from their currency ceiling with the Euro, sending it for a sharp nosedive. The Swiss central bankers and financial analysts clearly sense some kind of change in the wind, but right up until the announcement, they kept their cards very close to the vest. Several top European officials said they were very insulted that they didn’t even get so much as a heads up that such a dramatic change was coming.

Now the Euro is plummeting, the Dollar isn’t very far behind, and the global markets are full of world leaders, nervously feeling each other out, and looking for solid ground in a global economy based unstable Fiat currencies. One thing is for certain - they're harvesting precious metals found INSIDE solid ground. Keep your eyes on China, India, Brazil and Russia they’re all purchasing record amounts of gold. 




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