Politics

We have had a hundred years of excesses in the world and artificial wealth creation. Now, in the coming years, we will have a very long period of the opposite. Wealth will disappear. Gold will break free from LBMA Casino, leading to much higher gold price.

The German government, usually against any form of interventionism, is pushing toward a merger between Deutsche Bank and the country’s second largest bank, Commerzbank.

In this interview, Max Keiser and Egon von Greyerz discuss gold and several hot topics that will have major influence on the world economy in coming years.

Both Western and Eastern central banks are now fully supporting gold. Precious metals investors can with total confidence buy and hold physical gold, silver and platinum in the firm knowledge that central banks both in the West and the East will by their actions guarantee that the price can only go up.

The revolt of the “Gilets jaunes” (Yellow Vests) is not only about the recent taxes on fuel – it has been brewing for quite some time. It has been caused by a steady decline in purchasing power, which has progressively strangled low-income workers.

Owning gold is life insurance and wealth preservation. Anyone who has lived through hyperinflationary periods in the Weimar Republic, Zimbabwe, Argentina or Venezuela understands the importance of gold. But it is not enough just to own gold or silver. It is also extremely important how you hold it and where you hold it. We have just seen another example how governments unilaterally “confiscate” gold.

The Bank of France has partnered with U.S. banking group JPMorgan to expand its range of gold bullion services for central banks.

Where the gold is going is certainly no secret. Whilst the West has not got a clue of the strategic significance of physical gold, the East’s accumulation of the yellow metal continues unabated.

Gold demand was 964.3t in Q3, just 6.2t higher y-o-y. Robust central bank buying and a 13% rise in consumer demand offset large ETF outflows.

Stock markets in Europe and the United States are markedly turning south, although they’re not headed for a crash, at least for the moment. Is this the beginning of a long journey to Hell or just a temporary bump?