BRICS

When global debt represents three times world GDP, and given the unfair differences in access to debt, emerging countries suddenly seem to realize the difference between debt and currency.

The BRICS+ countries will announce the creation of a new currency at its annual leaders’ summit conference on August 22–24. It appears likely that the new BRICS+ currency will be linked to a weight of gold. This will be the biggest upheaval in international finance since 1971. It’s taking direct...

The U.S. debt crisis has been avoided, but the Treasury must urgently issue an avalanche of very short-term bonds to pay its bills. How much money does the U.S. government need? Initial estimates put the colossal figure at $550 billion, to be found immediately, starting this summer.

After ten consecutive rate hikes, the Fed decided to pause its monetary tightening cycle. However, it has announced that two further rate hikes of 25 basis points are expected between now and the end of the year.

In an unabated buying spree, China has continued to expand its gold reserves for a seventh consecutive month, reinforcing the sustained global demand for the precious metal among central banks.

For the first time in several years, the People's Bank of China (PBoC) is once again publishing its purchasing data. This change in behavior is not insignificant, and testifies to the country's determination to establish itself as a major player in the gold market.

Investors' infatuation with tangible assets and the gradual abandonment of growth stocks is likely to be the theme of late 2023.

Tectonic shifts lie ahead. These will involve a US and European debt crisis ending in a debt collapse, a precipitous fall of the dollar and the Euro with Gold emerging as a reserve asset but at multiples of the current price.

When the banking system is multiplying bankruptcies, the US Treasury is preparing to default on its debt, real estate prices are collapsing and emerging countries are abandoning exchanges in dollars, there is only precious metals to protect its capital. Gold and silver are at the very start of an...

The realization of the disconnection between the paper market and physical supply is likely to come very late: it is only when copper reserves are almost exhausted that the importance of physical versus paper will be truly measured. This sudden realization, which will also occur in silver, could...