The arrival of negative interest rates in Ireland and Germany, the risk of bail-ins, the Irish and global debt bubble and why the wealthy and institutions are diversifying into gold.
The number one reason to buy gold bullion given the new risks in the 21st century digital age is “cyber financial warfare” and the risks this poses to people’s assets that are held online, according to James Rickards.
Possibly, the most vitriolic, hateful and divisive election in U.S. history is set to be witnessed and this will likely lead to considerable volatility in markets and should see the dollar come under pressure. Seasonally gold is entering the sweet spot with the Autumn being gold's best season and with September being gold's best month (see chart)
Gold futures saw a massive $1.5 billion liquidation in one minute yesterday which had all the hallmarks of a "non profit" liquidation - a large seller trying to manipulate gold futures lower rather than maximise profits.
The German government is warning its people to ‘stockpile’ food, water and cash in case of ‘war’.
“A wad of cash is another important part of any household’s emergency supplies. There may not be time to rush to a bank, and ATMs won’t work if the power is out.”
Gold in UK pounds neared its post-Brexit high overnight as sterling fell sharply on currency markets due to concerns about rising inflation as shown in data today and the outlook for the UK economy.
Gold buying surged to record levels in H1, 2016 due to increasing concerns about the political, economic and monetary outlook. In particular, deepening concerns about the negative interest rate money "madness" of central banks today.
Gold investment in Germany remained very robust and UK demand rose significantly from low levels as smart money diversified into gold ahead of the Brexit referendum.
