So I think definitely part of the reasons we are seeing gold go higher lately is due to the recent events in the UK with the recent Brexit, people are seeking a safe-haven.
Let us not also forget, there is of course the imminent threat of all-out war. Russia and the US-NATO are in a military standoff in Europe. Probably the closest to nuclear war we’ve been perhaps since the Cuban Missile Crisis in 1962.
It’s also no coincidence the two main players are the US and the Russians. It’s also no coincidence the UK parliament just voted on the future of their nuclear missile system, Trident. The UK will build four new submarines carrying Trident nuclear missiles. The total renewal cost will be £32 billion.
http://www.theguardian.com/commentisfree/2016/jul/17/economically-and-militarily-keep-trident-nuclear-deterrent
Then there’s the military build-up in the South China Sea. China’s man-made military islands are now invalid. The Permanent Court of Arbitration in The Hague says so, at least. Of course even with a court ruling the Chinese aren’t about to just leave them be. Why do you think Joe Biden the US Vice president was in Australia?
I quote:
"We aren't going anywhere, we aren't going anywhere."
"The US is a Pacific power..."
Joe Biden
They’ve even gone so far as to warn Australia to stay out of it. According to a report in The Australian:
‘Mr Cong Peiwu, director general of the Department of North American and Oceanian Affairs, at the Ministry of Foreign Affairs, said China was prepared to “take very serious counter measures” if countries like Australia became involved in sea patrols close to the disputed islands “under the pretext of freedom of navigation” exercises.’
Then of course there are the threats of terrorist attacks. France, Belgium, Germany, Turkey, Somalia, Israel, and Iraq are just some countries that have seen innocent people die from terror attacks.
Trump bankrupting the US might work out pretty well…for gold
Don't forget by January Clinton or Donald Trump will be President. Are either a good option? Well, no, but sorry America, that is all you get to choose from. Bernie Sanders never had a chance.
Trump has seen 4 of his businesses into Chapter 11 bankruptcy.
That’s something Trump likes to point out that is smart in business. But it’s only smart if you can save a company that’s already in a death spiral.
Trump calls these bankruptcies a ‘tremendous thing’. What if Trump as president, bankrupted the US in order to save it? Genius. Spectacular. Markets would crash all over the world.
All of this would create a lot of uncertainty. Perhaps in all, but the Gold price.
Im in on Gold, like I have been since 2007. Since then I have seen it double. I think we will see it double again in the next 5 years.
I like silver too. I like Ethereum, and I like Steem.
But I especially like Gold, Silver, Ethereum.
Gold loves trouble, which is why its price is up 20 per cent this year with Australian miners getting a double-whammy benefit because their costs have fallen sharply as surplus labour and equipment flows out of the slowing coal and iron ore industries and into gold projects.
Ultra-low interest rates — including capital-destroying negative rates in an increasing number of countries — could ensure that the gold price stays high or rises further, as investors seek the ultimate haven which is immune from government interference in financial markets. Fat profits being earned by goldmining companies thanks to the metal’s near-record price in Australian dollars are starting to find their way to investors in the form of higher dividends, with a lot more to come.
I am looking for a $2000 USD gold price within 2 years, if Trump gets in.
#money #trump #gold #silver #investing #darknet #steem
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Nice article. On top of all this, there is also the housing/mortgage market that is at its peak and will burst soon.
I'm in on the PM's as well. Trump would be good for the price, I agree. Though, there are a lot of catalysts and white rabbits around the corner that influences the gold price. Trump is just one of them.
First things first, tonight Japan opens its own physical gold exchange. let's see what that does. It will make it harder for the COMEX to manipulate gold prices in the future.
Yes, very exciting news about TOCOM