global economy

Global trade war very positive for gold . . . .

There is currently a wave of populism riding in Italy that is sure to bring more volatility to the markets, and with financial unrest comes a surge in gold, this according to Frank Holmes, CEO of U.S. Global Investors . . . .

Putin Warns: "US Sanctions Hurt Trust in Dollar as Reserve Currency"

Gold to Outperform Against Other Currencies . . . .

Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases . . . .

Speaking on Tuesday this week, Jeffrey Gundlach, founder of the big DoubleLine Fund in the U.S. and with control of assets under management estimated at nearly $120 billion, commented that the gold price had broken its downtrend line and was on the verge of breaking out to the upside.  “Something big is happening” Reuters quotes him as saying . . . .

Global debt has now reached over 327% of global GDP, $237 trillion. Prior to the financial crisis it was less than $150 trillion. The amount by which it has surged in just one year is the same amount as the ballooning national debt of the United States . . . .

The US dollar has been dominant as the global reserve currency for a century. It was backed by gold, and the phrase, “good as gold,” had a literal meaning . . . .

China is first out of the blocks in the global race to secure raw material supplies critical for the batteries that will power the electric vehicles of the future . . . .

Hungary latest country to repatriate gold . . . .