Even the almighty dollar, which the nation needs strong in order to cover its debts, has been rapidly weakening under the threat of tariffs, and weakened a lot more recently.
In the latest Money Metals Midweek Memo, Mike Maharrey answers top questions from investors, precious metals fans, and citizens worried about the economy.
Germany ranks second in gold reserves behind the U.S. It officially holds 3,352 tonnes of gold with about 1,236 tonnes (37 percent) held in Federal Reserve vaults in the U.S.
The People’s Bank of China (PBoC) continues to buy unprecedented amounts of gold as the global financial is deleveraging (i.e. investors exchange credit assets for gold).
No matter where you are in the world, you will be able to find somebody willing to transact business in gold - even if you have to pull it out of your mouth.
Trump's tariff policy, despite intentions like national security, will have brutal economic consequences, with a full-blown deflationary depression more than a possibility.
