From Simone Wapler – Strategy of Simone Wapler (France) –
What I found important is not covered by the mainstream media, very concerned about election campaigns. Two issues deserve in my opinion special attention:
- failure to Deutsche Bank on a gold delivery;
- the growing pressure for the abolition of cash.
These topics are related and obviously violent movements in the bond market last week are not strangers.
Technically, Deutsche Bank is the issuer of a certificate called ETC (as exchange traded commodity ). This title is supposed tradable on Xetra (electronic trading) German. It is also assumed exchangeable first demand against physical gold …
Now to the pressure to remove the cash.