IMF Warning: ‘World’s Financial System Is More Stretched, Unstable and Dangerous Than It Was On the Eve of the Lehman Crisis’

IMF Warning: ‘World’s Financial System Is More Stretched, Unstable and Dangerous Than It Was On the Eve of the Lehman Crisis’

] Source: The Telegraph ◆ The International Monetary Fund (IMF) has again warned that the world’s financial system is more stretched, unstable and dangerous than it was on the eve of the Lehman crisis ◆ Quantitative easing, zero percent interest rates and massive financial repression has pushed investors – and in the case of pension … Read more

Germany Increase Gold Reserves In September For The First Time In 21 Years – IMF

Germany Increase Gold Reserves In September For The First Time In 21 Years – IMF

] Source: Bloomberg ◆ The gold reserves of the German Bundesbank rose in September for the first time in 21 years; German gold reserves rose to 108.34 million ounces in September from 108.25 million ounces last month ◆ It was the Germany’s first gold purchase since 1998 and while the amounts are not huge at … Read more

Gold Near Two Week High on Safe Haven Bid Due To Virus and IMF Global Growth Concerns

Gold Near Two Week High on Safe Haven Bid Due To Virus and IMF Global Growth Concerns

] ◆ Gold prices rose to a two-week high today prior to giving up the initial gains; Spot gold prices reached their highest since January 8th at $1,568.40/oz prior to falling to $1,556.60/oz ◆ The spread of a new virus in China stoked fears of a wider epidemic in Asia, sparking a sudden bout of … Read more