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Message: <blockquote data-quote="ibnanv" data-source="post: 23364838" data-attributes="member: 218596"><img src="https://cdni.rt.com/files/2018.06/article/5b363b9afc7e939f148b45f0.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />Another country is betting on physical gold. Switzerland's pension fund  has boosted its investments in bullion, switching from the paper-backed  securities in US dollars.“The Swiss government Pension System decided to change from paper  gold in the amount of 700 million CHF into physical gold and store it  in Switzerland. The 700 million only stands for 2 percent of the total  assets, but it is quite a surprise that they do this,” Claudio Grass, an independent precious metals advisor and Mises Ambassador told RT.com.According  to Grass, it is a strong signal that people should take seriously,  since a pension fund is an investment vehicle that has a long-term  strategy.“Physical gold is the best way to hedge as well as  to accumulate wealth over decades. If you would have purchased for  $100,000 gold in mid 70ties the holding without doing anything would be  worth more than $2 million,” the analyst said. Another factor why  the pension fund demanded physical gold was that they understand that  paper gold just represents a claim on gold in a highly paper-leveraged  gold market, Grass explained.“It makes common sense under the  actual circumstances to assure it is stored in the home country,  Switzerland, instead of London or the US, which reminds me of the  central bank repatriation,” the analyst added.Grass adds that countries are noting the geopolitical shift from West  to East and that is why they are buying more real gold instead of the  US dollar-based papers.“The last geopolitical shift that  started with WWI and ended with WWII, put the US in a dominant position  and it owned and stored 70 percent of the gold reserves of the free  world. This is also one of the main reasons why the US won the Empire  over from the Brits. Now we can witness another geopolitical power  shift, with the rise of the East,” he said.The global debt  burden continues to grow, while more than 65 percent of all monetary  reserves on this planet are in US dollars, Grass notes. “Holding  physical gold is definitely the best hedge against all sorts of fiat  money risks, but from a central bank perspective it is definitely the  best hedge against a weakening dollar that is on its way to reaching its  intrinsic value which is zero,” he said.<a href="https://www.rt.com/business/431329-switzerland-gold-paper-dollar/" target="_blank">https://www.rt.com/business/431329-switzerland-gold-paper-dollar/</a></blockquote>

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