– U.S. China trade war escalates as Russia stockpiles gold on the Keiser Report – Trump’s erratic and risky trade policies pose a risk to dollar as reserve currency – China, Russia “getting cosier” with Silk Road and increasing economic cooperation – China and Russia “want to do business outside of the dollar” and “dollar will finally reach its comeuppance” – “No gold ever leaves China … they are hoarding it and Russia is buying it” – Makes sense to be “accumulating lots of gold” Full Story
- Is the currency reset or global monetary reset (GMR) upon us? - Russia sold half their Treasuries in April and bought 600k ozs of gold in May - China has stopped buying US Treasurys and PBOC is quietly accumulating gold bullion - China has over $3 trillion in foreign exchange reserves and Russia has $461 billion - Physical gold market is finite and tiny vis-à-vis the fx markets and bond markets - Tiny diversification into gold by the world's creditor nations will end manipulation - Gold to be revalued much higher - possibly to $10,000/oz or higher - Time is of the essence and important to own gold bullion in safest way possible Full Story
By: Chris Mullen, Gold Seeker Report - 3 July, 2018
Gold chopped near unchanged in Asia, but it then climbed steadily higher throughout trade in London and New York and ended near its noontime EST high of $1256.90 with a gain of 1.02%. Silver rose to as high as $16.037 and ended with a gain of 1.01%. Full Story
A couple of years ago it was inconceivable that this regional group could become Italy’s leading political party. We should expect more to come. As the saying goes, it just could not happen till it happened. The financial establishments in North European countries like Germany and the Netherlands assume that the politicians of M5S and Lega Nord will follow the Greek script and will backtrack on their promises. Full Story
Gold needs to trade over $1236 for the whole day to prevent a crash. Silver needs to trade over $15.60 to prevent a sell off. Copper needs to trade over $2.91 to prevent a sell off. Crude oil will zoom if it manages to break and trade over $75.20. Trading volumes in the USA session will reduce. Financial markets will not sleep. Volatility will remain on the higher side. Full Story
There is no anchor to the system. There is no limit on money printing. There is no limit on debt creation. Such a system grows exponentially based on the false belief that governments can spend as much as they want and central banks will pick up the tab or bail out the system as needed. Politicians love the system because they can buy votes from their citizens. Central bankers love the system because of the power and prestige it brings them. Citizens love the system because they get handouts, bailouts, pumped-up asset values and other goodies seemingly for free. Full Story
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