BRICS

We'll try to understand how a recession manifests itself and how long it takes to materialize. As a reminder, recessions are often beneficial for gold price growth.

Current history shows a decline in US monetary hegemony, marked by a series of de-dollarisation announcements and a reduction in dollar reserves in central banks, signalling a change in international trade, particularly in commodities such as oil.

As we near the end of a monetary era, key dominoes like political stability, currency, and debt will fall, causing social unrest, war, and economic collapse, with gold becoming a critical stable asset and its value significantly increasing.

Tavi Costa emphasizes the importance of identifying macroeconomic trends, particularly the growing shift towards hard assets like gold amidst global inflationary pressures and geopolitical changes. He points out the rising demand for commodities like copper and the underinvestment in precious met...

US markets hit new highs thanks to the rise of technology stocks, notably NVIDIA, while European households prefer bank savings. At the same time, China and other BRICS countries are increasing their gold reserves, moving away from the dollar.

India's central bank has moved around 100 tonnes of gold from the UK to its domestic vaults, with plans to repatriate more soon, according to a TOI report. This significant transfer, the first since 1991, addresses logistical and storage diversity concerns.

The New Gold Playbook reflects changing market dynamics driven by central bank actions, geopolitics, and the rising importance of noninflationary assets like gold and Bitcoin.

It seems likely that last year's silver shortfall will be repeated next year. Current supply is unable to keep pace with ever-increasing demand.

Saving is necessary and normal, but doesn't saving too much indicate a fear of the future? This seems to be the inclination of Europeans, according to a recent study by the research department of Natixis (Why are consumers in the eurozone so cautious?).

Since the October 2023 gold low of just over $1,600 gold is up but is anyone buying? Well no, certainly none of the normal players. Gold Depositories, Gold Funds and Gold ETFs have lost just under 1,400 tonnes of their gold holdings in the last 2 years since May 2022.