Gold News

“We saw gold recapture the $1,800 level, and a lot of that has to do with the weakening dollar trade,” says OANDA’s Edward Moya. “The unwind of the gold trade has run its course” and we are likely to see more efforts from the U.S. Congress to support the economy.

This article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities. So far, gold has notably underperformed, which indicates that the early signals of hyperinflation are confined to the cryptocurrencies, whose participants broadly understand fiat debasement, to equities reflecting the desire not to maintain cash and deposit balances, and in international trade, where commodity prices of all stripes have risen in price.

Although the apparent results of the 2020 election are still being contested, members of the global ruling elite are already looking forward to a post-Trump era in American politics – and a post-vaccine world economy.
They have encapsulated their policy agenda for 2021 and beyond into two words: “Great Reset.”

The notion of a Great Reset comes directly from the World Economic Forum.

The globalist organization has been actively pushing it for months via a series of policy articles on its web site.

Authored by David Howden via The Mises Institute,

Imagine that you earn $40,000 a year and your boss doubles you at $80,000 a year. Business was good to you both in 2013, and you received a 25% raise for your efforts. Not bad, and your boss gets to share in this good fortune too with an extra $25,000 (about 30%). You’re going to make $50,000 in 2014 and your boss will pull in $105,000.

This week, the Armenian leadership has reached an unprecedented height in its state management achievements. Prime Minsiter Nikol Pashinayan and his government did not stop at the successful campaign to undermine the Armenian regional position and the loss in the Second Nagorno-Karabakh War. Now, they are losing their largest gold mine, which was controlled by the Armenians for the last few decades.

On November 26, Azerbaijani troops entered the Sotk gold mine, which is located in the Gegharkunik province of Armenia, right on the border with the disputed region of Nagorno-Karabakh.

A year of crisis for the lira has kept Turks buying gold at a record pace. Now the appetite for more bullion risks becoming a drag on the currency just as a rally struggles to regain momentum.

The purchasing power of the US dollar is fast failing, warns monetary expert Mike Maloney. Learn how gold can protect your wealth in the coming years.

Submitted by Ronan Manly, BullionStar.com

In a move in early November which is already causing controversy, self-styled gold market authority, the bullion-bank controlled London Bullion Market Association (LBMA), issued a letter to a group of leading bullion markets around the world, threatening to blacklist gold bullion from any country that fails to meet new LBMA recommendations covering gold sourcing and supply chains, the elimination of cash transactions, and the support for artisanal and small scale mining (ASM).