One of gold’s biggest catalysts throughout history has been inflation. Debase your currency enough and gold responds almost automatically. And the bigger the inflation, the bigger gold’s response. Even the fear of inflation ignites the gold price, like we saw from 2009 to 2011.
For centuries, East Indians have regarded gold as the primary source of wealth. All Indians own gold if they can afford to. They keep it as close as possible, sometimes in coin form, but often as jewellery, since “wearing wealth” means that it can be kept very close. They’re often especially reluctant to trust banks to hold their gold.
This week and next will be shortened holiday weeks due to the timing of religious holidays this year. With the release of the Mueller report, which found no collusion with Russia and no obstruction of justice on the part of President Trump during the 2016 Elections, American politics is likely to explode into chaos in the near term. The Democratic Party is almost certainly going to redouble their efforts to block President Trump’s legislative agenda at every turn now that the basis of their calls for impeachment has been essentially eliminated.
By Jeff Thomas, Feature Writer for Doug Casey’s International Man and Strategic Wealth Preservation History has an extraordinary tendency to repeat itself time and again. The same mistakes that rulers make in one era are repeated in subsequent eras. Political leaders have a nagging habit to want to grow governments to unmanageable proportions, invading other…
Almost daily, someone (often a European or North American) comments to me that the world is falling apart. The government is becoming dictatorial, the people are becoming more socialistic and political correctness is no longer an option, it’s a mandate and you’d better get on board.
The U.K. received a reprieve from the constant pressure of coming up with a viable Brexit package this week when the EU gave it until October 31 to come up with a new plan. Conditions on the extension, however, mean that the U.K. must elect members to the European Parliament in May, or it will again be faced with the threat of a disorderly exit come June 1.
Brexit continues to be the top news story affecting volatility in all markets, followed by further apparent progress in the U.S.-China trade talks. President Trump now appears to be taking aim on Mexico as the next target of his tariffs, despite an economic agreement between the two countries earlier this year that has yet to be ratified.
Most precious metals investors expect to reap a profit on their gold and silver as a result of higher spot prices.
But what if I told you that when selling certain types of coins, you could gain another layer of profit when you sell? A little leverage on the spot price when it rises.
Recently, an American colleague commented to me, “We no longer live in a democracy but a dictatorship disguised as a democracy.”
Is he correct? Well, a dictatorship may be defined as “a form of government in which absolute authority is exercised by a dictator.”
1. The UK parliament voted no on Theresa May’s Brexit package for the third and final time this week, sparking a massive protest march by pro-Brexit supporters who sincerely want the UK to exit the EU in an “orderly fashion”. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment dropped by…