Gold

It is absolutely unreal how the world pays so much respect to mediocrity or even incompetence when it comes to running the financial system. Central banks and their heads have created this monster balloon which is now waiting to be popped.

France will not publish a list of countries holding its public debt, contrary to the United States, for example. But we have nevertheless found, in exclusivity, some data.

Why was Russia dumping USTs and what will do with all the funds it garnered from liquidating US debt instruments?

I think it would be interesting to look in the rear-view mirror to get an overview of the performance we can expect in large asset classes available to the French savers – and gold in particular.

The fractional banking system is soon coming to an end with the most massive bang. Holding physical gold seems like an excellent idea.

The dollar constitutes about 60% of global reserves, 80% of global payments and almost 100% of global oil transactions. So the dollar’s strength or weakness can have an enormous impact on global markets.

Gold trackers cannot be put on the same level as physical gold, which remains the only gold asset that serves as real wealth insurance.

In another post, we saw that mining shares, being shares mainly (with high volatility and the risk of losing 100%), cannot be put on the same level as physical gold. Is it also the case with “paper gold”?

Whilst the US government worries about the military threat of Russia, and the trade deficit with China, they show no concern for the real problems. To understand what is really happening, all we need to do is to Follow the Money. The flows of real money reveal where global economic power is moving.

Gold needs about $10 more to tag the triangle trend line.