It may not seem important, but where the gold price goes next could provide a major clue on the health (or otherwise) of the world’s economy.
Gold falls 5% and the anti-gold mainstream commentators crawl out from the woodwork. So, gold is nothing but fashion according to one author.
If you want to hedge against a financial crisis and a banking system collapse, your best bet might be a completely alternative financial system — bitcoin.
A year from now, investors could be talking about Deutsche Bank [FRA:DBK] in the same way that they talk about Lehman Brothers in 2008.
Goodfriend’s focus was to promote ‘unencumbered’ negative interest rate policy, which means getting rid of things standing in your way.
Inflation can really spin out of control very quickly. So is double-digit inflation rate within the next five years in the future?
No central banker would ever willingly choose to go back on a gold standard. But in a scenario where there’s a total loss in confidence, they’ll likely have to go back to a gold standard.
There is one dormant clause that could see the Aussie government walk away with more gold than any other country in the world.
When it comes to gold, gold in the ground, and gold mining, there’s no question that Australia is a superpower.
Gold is hard to find and hard to bring up out of the earth. As a result, its quantity is always limited — by nature herself.