BRICS

Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. Later in this piece, I am discussing 10 Factors which will make gold surge.

The traditional post jobs report rally for gold is in full swing. Gold arrived at a key Fibonacci line at about $1268 as the US jobs report was released.

China, increasingly backed by Russia—the two great Eurasian nations—are taking decisive steps to create a very viable alternative to the tyranny of the US dollar over the world trade and finance. Wall Street and Washington are not amused, but they are powerless to stop it…

If the US cannot stop China from implementing its “oil – for yuan – for gold” program, then the fate of the US is at hand.

Although we cannot reconcile this positive dollar outlook for the medium-term (long-term outlook remains bearish) with a positive outlook for the Precious Metals sector, there are times when the dollar and gold and silver rally together.

The Bank of Russia has more than doubled the pace of gold purchases, bringing the share of bullion in its international reserves to the highest of Putin’s 17 years in power, according to World Gold Council data.

China’s proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association.

Fabrice Drouin Ristori's exclusive interview with Charles Gave, economist and president of the liberal think tank Institut des Libertes, on gold, European banks and the risks that may have an impact on savers and investors.

The price of oil, the value of gold, the value of the Yuan and the value of the Dollar will all be affected as the economic relationship between vast amounts of oil and scarce amounts of gold is determined.

Exporters of oil to China will accept the Chinese currency, the Yuan, in payment for the oil; for this deal, the Chinese have added an incentive: the Yuan received by the oil exporters will be exchangeable for gold.