The last thing we need is to carry somebody else’s water by starting a potentially catastrophic war where the US has absolutely nothing to gain, but a lot to lose.
Auctions for 30- and 40-year government bonds saw no demand. For a major economy with a historically captive investor base, that’s a significant moment.
Investment demand has been the primary driver for overall Chinese gold demand in recent months, even as price pressure has created headwinds for the jewelry market.
Wilson said that the League of Nations, his pet project, would ensure lasting peace. Instead, it cemented in place the harsh terms of the Treaty of Versailles.
Singapore is also close to 25 percent of the world’s gold mining supply. China, Australia, Indonesia, the Philippines, Papua New Guinea, and Laos are all significant gold producers.
In a recent note, ECB economists highlighted the risks that could arise from rising demand for physically settled gold contracts, particularly during periods of geopolitical stress.
President Trump and congressional Republicans will never cut spending until they stop pretending they can pay down the national debt, cut taxes, and continue massive spending on militarism.
