Last week, the Malaysian government of Kelantan "said it was introducing a new monetary system featuring standardised gold and silver coins based on the traditional dinar and dirham coins once used by the Ottoman Empire."
This marks the first country to move toward a gold standard. In addition to watching the monetary moves by individual countries, it is important to watch the actions of the largest hedge funds as they can be more powerful than some of the smaller countries.
This morning we received the updated portfolio for the man considered the greatest hedge fund manager of all time; George Soros.