Evidence suggests the Saudi central bank has been covertly buying 160 tonnes of gold in Switzerland since early 2022, contributing to the current gold bull market.
In my cycles book, I’m reviewing the forecasts of Neil Howe, Peter Turchin, George Friedman, and Ray Dalio. All see a crisis culminating at the end of this decade.
Turkish membership in BRICS would be another boost to an economic cooperation bloc that many see as a potential challenge to Western economic hegemony.
Gold has been testing new highs against the euro. Elsewhere, gold has been testing daily highs against the dollar on the back of the release of the U.S. producer price index report.
Sound money advocates celebrate as New Jersey’s Senate Bill 721 is signed into law, removing sales taxes on gold, silver, and other precious metals over $1,000 starting January 1, 2025.
CPI data tells how much the Bureau of Labor Statistics basket of goods increased. It doesn’t tell us anything about the root cause of price inflation – monetary inflation.
