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By: Richard F. Inoyo.
Principal Consultant
Carthinium Group Ltd.
We woke up today to see that the global economy is undergoing unprecedented changes in terms currency valuation adjustments_ thereby getting deposit investors worrying about the value of their deposits which has been a cause of concern.
Also as USA leads the rest of global central banks and governments in the explicit devaluation of cash through the unleashing of the forces of its currency printing press with new mints rolling out from its central bank into circulation; experts across the financial space could see and agree that there is going to be a global resetting of cash relative to asset price (inflation) with gold assuming and resuming with new and heightened positions of value.
But that is not just all, the mass production and circulation of new monies across the globe by some powerful central banks will arrest the challenges being observed in the international bond markets both at national and continental level, while gradually curtailing the bloodletting in the stock market we all have painfully witnessed since the starts of the global pandemic.
As a development consultant, I have made it my central policy-orientation to always encourage all investors and clients to invest in and buy gold rather than tying their assets in dollar or other currency in their various money deposit banks (MDBs) they deposit cash in.
With this new attempt at global cash devaluation effort organised and advanced by international governments and their banks, prices of goods will soar and billion of cash deposits in bank will have an overall drop in purchasing power.
Till I come your way again, never forget to remember that investment in gold and appreciating assets is far profitable and secured than cash tied in deposits.

Amawu Cletus Albert Amawu

I'm a Journalist, Host of The Verdict, your voice of conscience on FAD FM 93.1, Calabar, an Administrator, Activist and Social Change Agent.

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