Supply & demand

Broken World Economy Cannot Escape Scylla & Charybdis
Published by Egon Von Greyerz | Jul 10, 2020 | Articles 788

As the world economy desperately tries to navigate to a safe harbour, is it going be pulled down by the six-headed monster Scylla or the Charybdis whirlpool (Homer’s Odyssey). It seems likely that Scylla is now starting to swallow parts the world before Charybdis will finish it off. A world severely weakened by debt and mismanagement is unlikely to have the strength of Odysseus to pass both obstacles without disastrous consequences.

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The Largest Ever Physical Transfer of Gold
Published by Goldbroker ™ | Jun 2, 2020 | Articles 3189

The resulting record divergence in gold futures vs spot unleashed a flood of physical gold into the US as a record scramble by traders rushing to take advantage of this arbitrage opportunity by shipping bullion to New York sparked what Bloomberg said "may be one of the largest ever physical transfers of the metal."

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US Gold Confiscation Would be Folly
Published by Egon Von Greyerz | May 28, 2020 | Articles 36726

Will gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in the gold price measured in worthless paper money.

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