Category Archive: 6a) Gold & Monetary Metals
Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe Show Why Physical Gold Is Ultimate Protection
Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe. Real inflation in Zimbabwe is 313 percent annually and 112 percent on a monthly basis. Venezuela's new 100,000-bolivar note is worth less oday thehan USD 2.50. Maduro announces plans to eliminate all physical cash. Gold rises in response to ongoing crises.
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UK Debt Crisis Is Here – Consumer Spending, Employment and Sterling Fall While Inflation Takes Off
UK debt crisis is here – consumer spending, employment and sterling fall while inflation takes off. Personal debt crisis coming to fore – litigation cases go beyond 2008 levels. October consumer spending fell by 2% in October, the fastest year-on-year decline in four years. Britons ‘face expensive Christmas dinner’ as food price inflation soars. Gold investors buying physical gold due to precarious UK and US outlook
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Protect Your Savings With Gold: ECB Propose End To Deposit Protection
Protect Your Savings With Gold: ECB Propose End To Deposit Protection. New ECB paper proposes ‘covered deposits’ should be replaced to allow for more flexibility. Fear covered deposits may lead to a run on the banks. Savers should be reminded that a bank’s word is never its bond and to reduce counterparty exposure. Physical gold enable savers to stay out of banking system and reduce exposure to bail-ins
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China Gold Import Jan-Sep 777t. Who’s Supplying?
While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of yellow metal. As usual, Chinese investors bought on the price dips in the past quarters, steadfastly accumulating for a rainy day.
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Internet Shutdowns Show Physical Gold Is Ultimate Protection
Internet shutdowns (116 in two years) show physical gold is ultimate protection. Number of internet shutdowns increased in 2017 as 30 countries hit by shutdowns. Democratic India experienced 54 internet shutdowns in last two years; Brazil 2. EU country Estonia, a technologically advanced nation, experienced a shutdown. Gallup poll shows Americans more worried about cybercrime than violent crime. Governments use terrorist threat as reason for...
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76: Marc Faber – Is 2018 Heading for Gloom, Boom, or Doom?
Dr. Marc Faber is a Swiss investor based in Thailand. He publishes a widely read monthly investment newsletter “The Gloom Boom & Doom Report” which highlights investment opportunities. He is also a published author and a regular contributor to several leading financial publications around the world. When it comes to investing your hard-earned money, he …
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Gold Coins and Bars Saw Demand Rise 17percent to 222T in Q3
Gold coins and bars saw demand rise 17% to 222t in Q3, driven largely by China. Chinese investors bought price dips, notching up fourth consecutive quarter of growth. Jewellery, ETF demand fell while gold coins and bars saw increased demand. Central banks bought a robust 111t of gold bullion bars (+25% y-o-y). Russia, Turkey & Kazakhstan account for 90% of 111t of central bank demand. Turkey increased gold purchases and saw broad based physical...
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Prepare For Interest Rate Rises And Global Debt Bubble Collapse
Diversify, rebalance investments and prepare for interest rate rises. UK launches inquiry into household finances as £200bn debt pile looms. Centuries of data forewarn of rapid reversal from ultra low interest rates. 700-year average real interest rate is 4.78% (must see chart). Massive global debt bubble – over $217 trillion (see table). Global debt levels are building up to a gigantic tidal wave.
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Platinum Bullion ‘May Be One Of The Only Cheap Assets Out There’
Platinum Bullion ‘May Be One Of The Only Cheap Assets Out There’Platinum “may be one of the cheap assets out there” and “is cheap when compared with stocks or bonds” according to Dominic Frisby writing in the UK’s best selling financial publication Money Week.
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How Will Bitcoin React in a Financial Crisis Like 2008?
Whenever I raise the topic of bitcoin and cryptocurrencies, I feel like an agnostic in the 30 Years War between Catholics and Protestants. There is precious little neutral ground in the crypto-is-a-bubble battle; one side is absolutely confident that bitcoin and the other cryptocurrencies are in a tulip-bulb type bubble, while the other camp is equally confident that we ain't seen nuthin' yet in terms of bitcoin's future valuation.
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Stumbling UK Economy Shows Importance of Gold
UK economy outlook bleak amid Brexit, debt woes and rising inflation. Confidence in UK housing market at five-year low. UK high street sales crash at fastest rate since 2009. Number registering as insolvent in England and Wales hit a five-year high in Q3. UK public finance hole of almost £20bn in the public finances set to grow to £36bn by 2021-22. Protect your savings with gold in the face of increased financial woes in UK.
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Dr. Marc Faber on InfoWars: Bigger Government = More Corruption & Less Freedom
November 6, 2017 Alex Jones Show with Dr. Marc Faber, author, economist and publisher of the extremely successful Gloom, Boom & Doom report discussing the history of civilization, the real meaning of ‘racism,’ and world financial affairs. https://www.gloomboomdoom.com http://www.infowars.com http://tv.infowars.com
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World’s Largest Gold Producer China Sees Production Fall 10 percent
Gold mining production in China fell by 9.8% in H1 2017. Decreasing mine supply in world’s largest gold producer and across the globe. GFMS World Gold Survey predicts mine production to contract year-on-year.
Peak gold production being seen in Australia, world’s no 2 producer. Peak gold production globally while global gold demand remains robust.
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Each Bitcoin Transaction Uses As Much Energy As Your House In A Week
While Bitcoin bulls will probably never have it so good as they have in 2017, we wonder whether many of them have stopped to think about the environmental downside of this roaring bull market. After all, back in the dot.com boom, people had ideas about potential internet businesses, issued pieces of paper representing ownership and watched their prices go parabolic parabolic.
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The Big Reversal: Inflation and Higher Interest Rates Are Coming Our Way
This interaction will spark a runaway feedback loop that will smack asset valuations back to pre-bubble, pre-pyramid scheme levels. According to the conventional economic forecast, interest rates will stay near-zero essentially forever due to slow growth. And since growth is slow, inflation will also remain neutral.
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German Investors Now World’s Largest Gold Buyers
Today, gold is increasingly viewed by German investors as a regular form of saving: 25% of those surveyed in 2016 said their gold purchase had been part of a regular review of their investments, while 23% said it was part of their retirement planning.
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Gold Price Reacts as Central Banks Start Major Change
Bank of England raised interest rates for the first time in ten years. President Trump announces Jerome Powell as his choice to lead the U.S. Federal Reserve. Most investors outside the US Dollar and Euro see gold prices climb after busy week of central bank news. Inflation now at five-year high of 3%. Inflation, low-interest rate, debt crises and bail-ins still threaten savers and pensioners.
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Why Switzerland Could Save the World and Protect Your Gold
Precious metals advisor Claudio Grass believes Switzerland can serve as an example to rest of world. Switzerland popular for gold storage due to understanding of the risks inherent in fiat money and gold’s value as a store of wealth. International investors opt to store gold in Swiss allocated accounts due to tradition of respecting private property.
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