BRICS

Before discussing the "imminent" revaluation of physical gold, let's retrace the monetary role of the gold metal in recent history.

With US and global debt exploding prior to both assets and debt imploding, let us look at the disastrous consequences for the US and the world. Debt explosion leading to the currency becoming worthless has happened in history for as long as there has been some form of money whether we talk about...

Energy costs are not falling enough to bring the inflation figure down significantly. The strength of gold is undoubtedly due to the mix of risk situations that have fueled the year 2022 and that will not be resolved without painfully impacting currency prices.

China is continuing its de-dollarization process, while at the same time trying to secure supplies of the raw materials. This is contributing to the pressure on metal stocks. Demand for physical silver is expected to increase by +16% over last year. Mine production is not sufficient to meet such...

France, which is lagging behind its eurozone partners thanks to its tariff shield, seems to be heading for double-digit inflation in 2023. The energy dependence condemns Europe to high and lasting inflation.

Central banks are snapping up gold this year, but it is uncertain which ones are behind most of that shopping spree, fueling speculation that China is a big player. Seeing how Russia has been hit by monetary sanctions by the West, China and some other countries must be hurrying to reduce dependen...

The current crisis in the cryptocurrency market is a reminder of how important it is to know the product and the counterparty of the product you are investing in, and this also applies to holders of physical gold.

The news is marked by the crisis of confidence in the entire cryptocurrency sector after the spectacular fall of the FTX exchange platform. The reaction of the markets to the consequences of the crypto crash may therefore prove difficult to read. The other event of the week was the release of the...

Gradually, the myth of infinite growth is dying out. China is discovering that the continuous and harmful accumulation of debt will eventually pay off because debt has a procyclical effect, the countries of the Middle East and Russia (among others) understand their dependence on a naturally limit...

2022 will have confirmed our expectations. The price of gold has (so far) remained broadly stable with sharp movements linked in particular to the war in Ukraine. However, as we have shown, these movements are symmetrical with the past evolution of gold prices. Although the year 2022 is not over,...