Zerohedge crisis porn. The end is always neigh.
It's not just "tinfoil blogs" who (for the past 11 years) have been warning that a monetary reset is inevitable
Originally Posted by Zippyjuan
Right; just like with the "climate crisis." The difference is that no one makes you read Zero Hedge versus the government proposed restrictions for "climate change."
Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members
It's not ZH, Zippyjuan, it's the Dutch Central Bank.
Can't you read?
The actual article is not the "gloom and doom" that Zerohedge portrays it as. It does not even hint at any economic problems or imminent collapse. It just tries to list some of what it considers benefits to them having gold. Read it here:
https://www.dnb.nl/en/payments/goud/index.jsp
China, Russia, Brazil, India, And Now UAE: Everybody Wants A Gold Trading Platform
China started something when they opened the Shanghai Gold Exchange where physical gold is traded to a global market.
Russia began trading gold futures on the Moscow Exchange which was followed by China and Russia announcing they would open the BRICS Gold Exchange to assist the other members of the BRICS alliance to acquire more gold.
This was followed by India stating they would be pursuing a gold spot exchange market
and next up is the United Arab Emirates (UAE) announcing they, too, are going to open a physical gold trading platform.
This is all pointing towards what seems to be a likely conclusion – a new gold pricing mechanism that is operated by the Shanghai Gold Exchange instead of COMEX in Chicago and New York or the LBMA in London.
It seems that slowly and surely, the major gold producing nations of Russia, China and other BRICS nations are becoming tired of the dominance of an international gold price which is determined in a synthetic trading environment which has very little to do with the physical gold market.
The Shanghai Gold Exchange’s Shanghai Gold Price Benchmark which was launched in April 2016 is already a move towards physical gold price discovery, and while it does not yet influence prices in the international market, it has the infrastructure in place to do so.
All of this movement in the physical gold market started in 2002 and just a few years later we are seeing a massive network of gold platforms outside the western world developing.
https://www.zerohedge.com/commoditie...ading-platform
This year's In Gold We Trust report was presented at an international press conference and live online event on May 27, 2020.
The authors of the report are the two fund managers Ronald-Peter Stoeferle and Mark Valek of Liechtenstein-based Incrementum AG.
The more than 300-page In Gold We Trust report is world-renowned and has been named the “gold standard of all gold studies” by the Wall Street Journal.
Last year's edition was downloaded more than 1.8 million times. This makes In Gold We Trust, which will be published for the 14 h time this year, one of the most widely read gold studies internationally. The Chinese version of the In Gold We Trust report will be published in autumn 2020.
The following topics are covered in the In Gold We Trust report 2020, among others:
► Review of the most important events in the gold market in recent months
► An analysis of the impact of the Covid-19 crisis on the price of gold
► The increasing importance of gold in times of de-dollarization
► Silver – ready to fly high?
► Gold and cryptocurrencies
► Gold mining stocks: The bull market has started.
► Outlook for the gold price development in this decade: A gold price of around USD 4,800 can be expected in 10 years, even with a conservative calibration of our gold price model.
In Gold We Trust-Report: The Dawning of a Golden Decade - press conference
The 2020 In Gold We Trust Report: The dawning of a Golden Decade (teaser)
Content
Gold in the last 12 months.
Only a few weeks after publishing last year’s Report we surpassed the resistance zone of around 1360 and gold entered a new phase of the bull market. We can expect new all-time high, also in US dollar terms. Looking at more recent days, we see that gold did exactly what it was supposed to do and served as the solid rock during the turbulent times of the corona-crisis.
Gold in times of MMT, helicopter money and corona
Last year we already predicted, that dark recession clouds where forming. The yield curve inverted and many other signals where all point towards an upcoming recession. Even though COVID19 broke the camels back we want to stress that even without it we would have run it problems. In the current crisis even more drastic measures were taken by central banks and governments. In the current climate even things like MMT and helicopter money seem very likely. This would be positive for the gold price.
Gold as the save heaven during the debt crisis
With governments entangled in the zero-interest rate trap, gold will likely become even more important when countries are faced with rising inflation and can’t do much about it.
Silver, golds lighter brother
This year we dedicated a howl part of the In Gold We Trust report taking a look at the silver market in great detail. Currently silver is very cheap compared to gold, we hold the view, that this will change as soon as the bull market in gold really takes off.
Mining stocks and Gold
The light is shining on mining stocks again. Over the last four yearlong bear market, mining companies have cleaned house and are now ready for the upcoming party. Generalists have entered the market again and many other factors like the rising gold price have given mining stocks a good tailwind.
Also featured in this year´s In Gold We Trust Report are articles looking at the De-Dollarization, gold as seen in the bible. We also take a look at gold demand in Asia, the stock to flow ratio and many more.
Timetable:
0:15 Title and the IGWT team and sponsors.
1:30 Review of the last 12 months.
3:35 Gold in times of MMT, helicopter money and corona.
5:11 Gold as the save heaven during the debt crisis.
6:22 Silvers silver lining.
7:28 Mining stocks: the party has begun!
8:58 Other articles in the IGWT Report 2020
10:30 Quo Vadis, Aurum?
IGWT Report, extended version
IGWT Report, compact version
Basically, what we call the price of gold is a result of two benchmarks: the price for gold futures in New York, at the Comex (biggest exchange for gold futures), and the price for unallocated gold in London, within the so-called London Bullion Market (biggest market for unallocated gold accounts).
It seems that trade volume is leaving the Comex, as market participants don't trust Comex gold futures anymore as these are not backed by physical gold.
London's gold futures Exchange, the LME, will replace the Comex.
The LME is owned by Chinese banks.
According to A. Maguire, the Chinese are going to push the POG up in the 2,200-2,500 area.
Last edited by Paul799; 08-11-2020 at 01:21 PM.
So the Chinese are behind moving the Gold trading from NY to London? Do you think this is because they will stop buying U.S. Treasury notes, or expect the U.S. to default on their debts?
There is no fear in love, but perfect love casts out fear. For fear has to do with punishment, and whoever fears has not been perfected in love.
(1 John 4:18)
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