It's a potential $80 trillion black hole. A BIS Dec 5, 2022 report outlines how U.S. dollar debt in FX swaps and forwards is a huge, missing and growing black hole.
FACT NO. 1 The price of gold is NOT driven by demand for gold. FACT NO. 2 The price of gold tells us NOTHING about gold. The value of gold is in its use as money.
But there is one factor that will overshadow all the others in producing a deflationary bust: a strong U.S. dollar. It is only because the dollar has been in a steep correction since September that Bloomberg et al. can breathe...
If a state were to establish infrastructure to transact in gold and silver, it would have a real leg up – and so would its citizens – if or when the collapse of the Federal Reserve Note accelerates.
Once the ECB, BOJ and BOE follow the Fed's lead, with higher rates, the new PMs bull market will like; break to new record highs: "Up, up and away, for gold and silver..."
Andrew Maguire joins publisher and analyst London Paul to explore a multipolar metals market, following the reveal that China bolstered its gold reserves after offloading hundreds of billions of US Treasuries in recent months.
I suspect we are going to need a new vocabulary to describe the 2020s economy and beyond. It has been, and will remain, unlike anything we have ever known or seen.
Inflation, changes in currency values, and other macro-economic factors affect real assets less than financial assets. This makes them good investments during periods of high inflation...
