BRICS

Evergrande, China's largest property developer, directly employs 200,000 people and indirectly employs 3.8 million people. Problem: the group is bankrupt and announced on September 14 that it is facing a risk of default. Evergrande is crushed by liabilities of nearly 260 billion euros, while it h...

The pressure on the level of salaries is not going to stop any time soon.The violence of this inflationary shock is going to be felt this fall on the consumer prices. Businesses will have no choice but to pass on the dizzying rise in costs that they are experiencing to the consumer.

Since the start of this century, gold has offered a far better return than bonds. It was this outperforming of the bonds by gold that took it into its bullish phase from 2002 to 2010. The central banks intervened in 2010 to break this cycle, but we have initiated a second cycle of gold outperform...

While silver is not immune to a final attack before the big hike, the conditions seem right for a take-off before the end of the month. This is all the more true, when we look at the crazy surge of aluminium (X2), sheet steel (X4), coal (X4) and commodities, which are experiencing a very violent...

Although they are heavily promoted, equities are hardly superior to gold even over long periods of time; in fact, gold has been superior over the last 20 years. Greater differences emerge when trading cycles, where the ratios shift. The current cycle speaks to large equity losses ahead as dividen...

In this irrational environment, it is entirely natural to see more and more investors seeking to protect their savings by means of investments such as physical gold, which is regaining a certain appeal in this climate of a headlong forward dash by the central banks.

The inflation is spreading. Is it this new risk associated with inflation that has prompted the unusual demand for physical gold in recent weeks? Gold is being seen here as a refuge from an out-of-control event linked to the new risks engendered by this inflation.

China's gold reserves have grown every year for 15 consecutive years, reaching 14,727.16 tons by 2020, according to a yearbook issued by China Gold Association (CGA).

Gold and silver are yet to benefit from the rise in the prices of the other assets; they are thought of as a currency, and not as commodities. These low prices are a bargain.

Regardless of whether the new monetary system is tied to digital currencies or not, there is no escaping the spiral of money printing and deficits that has gripped most of the world, and so a disorderly collapse is likely.