Since 1971, the global reserve status of the US dollar has been underpinned by oil, and the petrodollar era has only been possible due to both the world’s continued use of US dollars to trade oil and the USA’s ability...
Evidence continues to mount that a recession is coming soon. The latest was this week’s “inverted yield curve” with the 2-year Treasury yield briefly exceeding the 10-year..
The recession is already arriving, and yields have been freed to rise as quickly as they possibly can in the face of hot inflation in order to show us where we already are, not where we’re going.
The most dramatic development may have been the default of the London Metals Exchange’s nickel futures contract three weeks ago. The default was relevant to gold and silver futures contracts and all..
World events are driving a volatile and potentially pivotal environment ahead for investors. Huge swings in financial markets are likely still to come.
Russia grabs a lot of headlines right now, but the leading candidate for realistically instituting a gold standard is China.
Would China really do that? And do they have enough gold Reserves anyway?
