Central banks

Has the gold price reached its ceiling, or is it even in a bubble, as it was in the early 1980s, and is a significant correction imminent? There are strong reasons to believe that the gold price is not yet in a region of extreme overvaluation.

The Fed has cut rates by 50 basis points, but so far this has proved to be a resounding failure: rates are rising, once again threatening the bond market and real estate. A few Nasdaq stocks are playing the role of safe havens, while the price of gold is still climbing silently and parabolically.

The gold price has just hit a new all-time high. Is this an underlying trend or a passing phase? In any case, all the conditions are in place to fuel this ascent.

Just over a year ago, I wrote that physical gold had become more reliable than Treasury bills, a trend now confirmed by Bank of America, which anticipates a potential replacement of Treasury bills by gold as a safe-haven asset, despite JPMorgan's reservations.

The BRICS nations' New Development Bank is still a modest alternative to the World Bank and IMF, held back by limited capital, dependence on the dollar and imperfect governance. However, global rebalancing could work in its favour.

The fall in China's property market and the rise in interest rates in the United States are prompting consumers to favour savings and shun property in favour of gold.

The US economy continues to grow thanks to debt- and credit-backed consumption, but this momentum is based on fragile foundations, with the risk of a downturn if the property or stock markets deteriorate.

The U.S. is facing unsustainable debt and a weakening military, marking the potential end of its empire and ushering in a new era for gold as a safe haven.

Discover the episode 2 of our podcast “À l'Orée de l'Éco". The recent surge in China's stock markets is due to a government stimulus plan that is supporting real estate and starting to americanize the stock market.

For years now, emerging countries have been enjoying stronger growth than Western nations. Globalization, combined with the rise of China, has enabled these countries to achieve dazzling growth. Whereas in the past, periods of international crisis severely affected their economies, the situation...