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Central Bank Reserves: Bitcoin vs. Gold?

Published by Julien Chevalier | Mar 12, 2025 | 8445

Over the past two decades, central bank reserves have undergone profound changes as ideologies have been renewed. De-dollarization is gradually establishing itself as a marker of the decline of the United States, while sovereign assets occupy a growing place, symbolizing the transition to a new w...

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Money: Between Violence and Peace

Published by Julien Chevalier | Mar 4, 2025 | 6616

What is the real power of money? Money is at the heart of our exchanges. Commercial exchanges, naturally, but also social and cultural ones. By linking individuals, it helps to pacify relationships, and thus plays an almost religious role. At the same time, through its creative power, it generate...

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Stock Market: The End of a Bullish Cycle?

Published by Thomas Andrieu | Feb 26, 2025 | 7313

Since the crisis in 2020, the US stock market has grown at a sustained rate of +20% per year. Since 2022, this rise has been further accentuated by the rise of artificial intelligence. Despite the momentum of innovation and continued growth in the US, the strength of this bull market is raising q...

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Gold Enters A New Reality

Published by Julien Chevalier | Feb 12, 2025 | 32619

Gold is the barometer of current events, and as such, it sends out a very strong signal. At a time when the global economy is reeling under the effects of financial instability, trade wars and geopolitical conflicts, the yellow metal is racking up record after record.

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Gold's Lack of Yield: A False Problem

Published by Philippe Herlin | Feb 6, 2025 | 14000

There is an argument against buying gold that really ticks me off (and the same goes for bitcoin): it offers no return, no interest and no dividend, unlike conventional investments (stocks, bonds, life insurance, bank savings accounts, rental property). It would be a second-rate asset, imperfect...

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