Financial crisis

The financial world may be on the verge of a regime change. Financial repression, thought to have been relegated to the past, is making a discreet comeback through the Japanese door. The Tokyo authorities are already trying to manipulate the yield curve by adjusting the supply of debt, hoping to...

The gradual disappearance of structural buyers of sovereign debt - central banks, Japan, pension funds - ushers in a new era in which debt is no longer “free by design”, but must once again become desirable in a competitive universe. In this new context, physical gold is regaining its role as a s...

For several decades now, the global economy has been on a headlong rush. With each crisis, governments preferred to postpone the consequences with even more debt. In this context, a number of regulations came into being. The latest, Basel III, introduce a new element: the return of physical gold...

When the bond market, and in particular that of US sovereign bonds, becomes unstable or loses investor confidence, it's not just bad news for financial portfolios: it's a crack in the very foundations of the global financial architecture.

While Spain, Portugal and Italy are pulling out of their massive public deficits — Italy's public deficit has been cut from 8% of GDP in 2022 to 3.4% in 2024 — France continues to sink and is now Europe's sick man.

Donald Trump's recent change of tone on tariffs, like his unexpected softening towards Federal Reserve Chairman Jerome Powell, highlights an often overlooked reality: the real balance of power isn't played out on the political stage, but in the workings of the US debt market.

Peter Schiff warns of an imminent dollar crisis, a fall in purchasing power, and a brutal reversal of global capital flows. He estimates that the price of gold could reach $5,000 to $20,000 in the coming years.

U.S. Treasuries, supposed to be the ultimate refuge in times of crisis, appear to have been swept away by the market swell, while gold remains afloat.

Many investors have not bought gold recently as they have been waiting for a correction. But we have told investors that gold is very unlikely to pause at this level. Instead, once properly past $3,000, we are likely to see an acceleration.

With unprecedented levels of debt and rising interest rates undermining bond markets, confidence in sovereign debt is eroding. In the face of this systemic risk, gold is once again the safe-haven asset par excellence.