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Today’s metal news has an international flair—with stories based in Malaysia, Portugal, and China. There are also a few macro-economic forecasts from some “outside the box” thinkers in the wealth management industry for you to dive into today.
Let’s dig in…

Economy
U.S. Dollar Gains After Weakest Monthly Performance in a Decade
On Monday the dollar was up against a number of currencies as investors unwound some recent short positions. The previous month was the weakest performance of the dollar in ten years. Just look at the dollar index, a tool that measures the greenback against other leading currencies, and you find the dollar posted a more than 4% decline for July, its biggest monthly drop since September, 2010. The weakness has been tied to market expectations…
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Commentary
From Lockdowns to “The Great Reset”
The “new world order” is coming together in the wake of the coronavirus pandemic. Using the World Economic Forum (WEF) as the catalyst, global policymakers are advocating for a “Great Reset” with the intent of creating a global technocracy. It is not a coincidence that on October 18, 2019, in New York City the WEF conducted the “Event 201” pandemic exercise organized by the John Hopkins Center for Health Security. What the elites are doing is constructing a technocracy involving a close relationship between the heads of the digital industry and of governments. This new governance involves programs such as guaranteed minimum income, healthcare for all, along with strict societal control with the promise of social justice. The truth, however, is that this new world order of digital tyranny comes with a comprehensive social credit system.
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Economy
Here’s a Market Perspective from Wealth Mangers Rothschild & Co.
Western economies have been growing since May—fortunately, the most dramatic slump in recent memory was compressed into six weeks or so from mid-March to the end of May. Unfortunately, some of the direst predictions were not contained…Although China’s GDP and retail sales in the U.S., UK and Germany have regained pre-crisis levels, most of the world’s economy hasn’t recovered. Some of the key support measures, like unemployment pay in the U.S. and furloughs in Europe—may be scaled down soon. However, analysts at Rothschild & Co. are predicting the economic downturn may prove to be short lived. In portfolio terms, this suggests the most likely assets to deliver long-term inflation beating returns are…READ MORE ([link removed])
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International
Gold Rally Has the Stamina to Keep Running
According to the Malaysian Reserve, the current gold rush could keep going further than some speculate. Why? Because the world is changing towards a greater acceptance of inflationary outcomes against a backdrop of high global debt, according to Schroder Investment Management Ltd. The investment firm believes the world economy is moving through a “major epoch change” in macro policy towards a greater acceptance of inflationary outcomes. “The result is likely to be more deeply negative real interest rates and greater risk of broad currency debasement. In this environment, continued increases in gold allocations could have extraordinary impacts on aggregate private gold holdings. “We don’t see why gold prices should be somehow capped at current levels at all in such an environment,” Schroder stated.

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International
Whoa! Portugal’s Gold Reserves ‘Suddenly Worth Over 20 Billion Euros’
COVID-19 has been good to Portugal’s gold reserves. The pandemic has pushed gold prices skyward. And although this country is constantly viewed as ‘less than affluent’, it has got a glittering trump card: around 383 tons of gold bullion, stacked up and seemingly going nowhere in the vaults of the Bank of Portugal. Back in 2014, when reserves again were on a high, the value of Portugal’s gold was estimated at around 13 billion euros. There is a fascinating history tied to Portugal’s gold involving the Nazi’s in WW2 and Portugal’s dictator Antonio de Oliveira… READ MORE
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International
Major Chinese Banks Bar Customers From Buying Gold, Precious Metals
Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metals and products related to them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.”SEE HOW CHINESE BANKS AND REGULATORS ARE COOLING THE GOLD RUSH ON BITCOINT DOT COM ([link removed])
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Thanks,
Gold Silver Central

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