Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

Bundesbank Buys Gold – Increasing Concerns About Deutsche Bank, European Banks, the Euro and Dollar

] Source: Bloomberg ◆ The End Of Fiat In One Chart? ◆ For the first time in 21 years, Germany has openly bought gold into its reserve holdings ◆ With ECB mutiny and Deutsche Bank’s rapid demise, fears are rising of a looming financial crisis, and with that, Germany has shown a renewed interest in … Read more

Eastern European Nations Buy and Repatriate Gold Due To Growing Risks To Euro and Dollar

Eastern European Nations Buy and Repatriate Gold Due To Growing Risks To Euro and Dollar

] Queen Elizabeth tours a gold vault during a visit to the Bank of England ◆ Prudent leaders in Eastern European countries are repatriating their national gold reserves and diversifying into gold due to geopolitical risks and monetary risks posed to the dollar, euro and pound ◆ Slovakia has joined China, Russia and a host … Read more

Gold At Record Highs In Euros on Concerns regarding the Euro zone and Global Economy as Virus Spreads

Gold At Record Highs In Euros on Concerns regarding the Euro zone and Global Economy as Virus Spreads

] ◆ Gold has risen to new all time record highs in euros at €1,437/oz today due to safe haven demand due to concerns about the Euro zone and the global economy ◆ Gold is consolidating near all time record highs in sterling at £1,210/oz and at seven year highs in dollars at $1,590/oz ◆ … Read more

Gold Hedging Stock Market Crash: Euro Stoxx -6%, FTSE -5.7% and DAX -5.6%

Gold Hedging Stock Market Crash: Euro Stoxx -6%, FTSE -5.7% and DAX -5.6%

] ◆ Stock markets around the world are collapsing today as the financial and economic implications of the impact of the pandemic on already massively indebted companies and governments is realised. ◆ Investors are liquidating en masse risk assets from equities to industrial commodities, while gold has held its ground. ◆ The FTSE 100 is … Read more