If countries get past their differences and agree to a gold-backed common currency, then the symbolism of holding one another’s gold will be huge. The precious metal is the perfect arbitrator.
Precious metals markets are extending their losing streak as the U.S. dollar pushes higher. The Dollar Index rose for a fifth straight week through Thursday's close.
A gold-backed digital currency probably makes the most sense and it’s likely to start with the BRICS, which have already made significant de-dollarizing strides.
The two big (arguably non-) events next week are of course the FinMedia BRICS-speculative narratives plus the Kansas City Fed’s annually-sponsored summer camp at magnificent Jackson Hole.
All these thoughtful people independently send the same warning signal from different disciplines of a severe crisis later this decade or in the early 2030s.
If consumers hold out all they can against inflation and workers strike all they can for better wages, maybe they might wrench a little blood of out those sugar beets that live at the top.
What truly burns my buns are articles that present market fallacies as the basis for their "analysis." And, sadly, this is all too commonly seen in the metals complex.
An insecure regime is a dangerous one, which explains the radical language from the beltway, the escalation of domestic surveillance, censorship, and financial warfare.
California cities are so saturated with crime, they are losing their largest and oldest retailers, while Midwest small towns are losing their entire police forces.
