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The BIS Issues A Dire Warning: “We Are Moving From The Liquidity To The Solvency Phase Of The Crisis”
BySirhcby Tyler Durden Tue, 12/08/2020 – 05:45 There are three certainties in life: death, taxes and the BIS – the central banks’ central bank – warning about excesses from monetary policy (the most recent amusing example of this was last October when as we wrote, “Fed Announces QE4 One Day After BIS Warns QE Has Broken…
Why is this billionaire predicting gold could hit $5,000?
BySirhcYou can add another billionaire to the bullish gold camp as Thomas Kaplan, chairman and chief investment officer of Electrum Group said in a recent interview with Bloomberg that gold is on the cusp of a new decade long bull market. In a preview clip of the interview Kaplan, who is also chairman of Novagold…
These Are The Six Countries With The World’s Largest Gold Reserves
BySirhcAuthored by Lawrence Thomas via GoldTelegraph.com, For almost a decade, global central banks have been avid gold buyers. Gold purchases by central banks in 2018 rose 36 percent over the previous year. Central banks are now holding 366 tons of the yellow metal. These gold purchases are the largest since 1971 when President Nixon ceased…
Silver fell as optimism over Fed cutting interest rates this year faded
BySirhcSource: Investing.com | Kedia Advisory | Commodities News 2023-05-11 03:46 Silver yesterday settled down by -0.99% at 76688 as optimism over the Federal Reserve cutting interest rates this year faded after the U.S. inflation report, triggering profit-taking among some investors. The headline inflation rate in the US unexpectedly declined to a 3-year low of 4.9% in…
Challenging the Dominance of the US Dollar: BRICS and the Gold-Backed Currency
BydyannWhat’s fast becoming the largest economic union in the world has just announced a new gold-backed currency aimed deliberately at replacing the US dollar. We are going to find out what’s happening, why it’s happening, and what it all means for a rising and very real new world order. – The upcoming BRICS summit in South Africa…