Gold

This week we take a new look at Gold and Silver measured in World Currency Units. For the metals to be in bona fide bull markets, you want to see them outperform all major currencies instead of solely Dollars or Euros.

Arnaud du Plessis and John Reade share their perspectives from London and Paris, highlighting the differences between Western and Asian countries, the importance of cultural factors, and the decisive influence of the BRICS countries on the gold market.

On September 8, the French government will face a decisive confidence vote. The risk is clear: if the government fails and the general strike brings the country to a standstill, France could plunge into a systemic bond and banking crisis within a matter of days, with no credible political support...

We are at a turning point. Markets are behaving as if the liquidity party could last forever, even though the hidden reserve that supported it has disappeared. And it is precisely this kind of configuration that paves the way for the most brutal reversals.

European public funds are pouring into Italy and Spain and largely explain their GDP growth. In France, it is based on spiraling public debt, while in Germany activity is stagnating, held back by soaring energy costs and the loss of its traditional markets.

The long-term outlook – sustained inflation and long-term interest rates anchored on an upward trajectory – is one of the pillars supporting gold prices over the long term. This is particularly true given that, at this stage, no one is really significantly exposed to it.

For various reasons, whether social, cultural, political, or financial, gold is still not widely discussed among the general public. However, this trend could change.

The Trump administration intends to issue an executive order in the near future to clarify what it called misinformation about the tariffing of gold and other specialty products, a White House official told in a statement.

The US government has started levying tariffs on 1-kilo and 100-ounce gold bars, a decision that could upend long-standing trade routes and disrupt the flow of bullion from Switzerland to the United States.

It is not only the European project that has been struck at its core, it is the very future of the European continent that is suddenly clouded by the threat of major economic decline.