India has brought more of its gold home. Last spring, the Reserve Bank of India repatriated 100 tons of gold, moving it from the UK to vaults within India's borders.
Countries outside the eurozone but in the EU, like Poland, Hungary, and the Czech Republic, are positioning for a new gold standard, potentially joining the eurozone in the future.
Many Americans are either not sure or not interested in what role the Fed plays in managing the economy. ‘The economic crisis has changed everything,’ writes Congressman Paul.
Trump will likely try to pressure the Fed to bring rates down more aggressively. While lower rates might stimulate the economy, they also risk putting upward pressure back on inflation.
ETF gold holdings globally increased for the sixth straight month in October. Big flows of gold into North American and Asian ETFs offset outflows from European-based funds.
As the U.S. faces the aftermath of a Trump victory, sound money principles may take a backseat to politically expedient choices, especially at the federal level.
