by brandon white, business development manager/analyst · 25-05-2018 · by brandon white,...

This Week in 3 Minutes May 25, 2018

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By Brandon White, Business Development Manager/Analyst

NICE = Non-Inflationary, Constant Expansion

“If we return to the non-inflationary, constant expansion (NICE) times of the 1990s and early 2000s, investment demand may revert to a marginal component of the gold market. Yet NICE was a term coined by Mervyn King, then Governor of the Bank of England, during the same era that Gordon Brown, then UK Chancellor of the Exchequer, claimed his prudence would prevent a return to boom and bust economics. Admittedly, Brown was talking only about the UK economy but even so his assertion proved misguided, even hubristic. Now, it seems almost impossible to envisage a NICE 30 years, uninterrupted by boom and bust. Instead, anticipation of – and reaction to – economic downturns and financial crises are likely to buoy investment demand for many years to come.” – World Gold Council Report

https://srsroccoreport.com/why-gold-is-the-king-monetary-asset-not-bitcoin/

https://www.zerohedge.com/news/2018-05-18/emerging-market-massacre-continues-latam-fx-weakest-history

https://www.cnbc.com/2018/05/17/vatican-says-amoral-financial-system-needs-infusion-of-ethics-more-regulation.html?__source=sharebar%7Clinkedin&par=sharebar#_gus&_gucid=&_gup=LinkedIn&_gsc=CNQfH8S

https://goldsilver.com/blog/modern-day-nincompoop-money-magazine-on-stock-market-crash-survival/?utm_campaign=20180522_Newsletter_Vicious_Recession__Active_90_day_Opens&utm_content=20180522_newsletter_vicious_recession_a_90_newsletter&utm_medium=email&utm_source=zaius

https://srsroccoreport.com/why-gold-is-the-king-monetary-asset-not-bitcoin/










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https://www.zerohedge.com/news/2018-05-20/turkey-repatriates-all-gold-us-attempt-ditch-dollar

https://www.zerohedge.com/news/2018-05-20/turkey-repatriates-all-gold-us-attempt-ditch-dollar


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https://www.wealthprofessional.ca/business-news/goldcorp-ceo-highlights-two-holes-in-his-portfolio-242788.aspx

https://www.bloomberg.com/view/articles/2018-05-22/fdr-s-battle-over-the-gold-standard-changed-the-u-s


https://palisade-research.com/upcoming-earnings-recession/





https://palisade-research.com/upcoming-earnings-recession/


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https://www.gold-eagle.com/article/why-o%E2%80%99leary-and-holmes-are-both-right-gold-and-gold-stocks




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https://www.zerohedge.com/news/2018-05-23/volatility-crossroad

https://www.zerohedge.com/news/2018-05-23/volatility-crossroad


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https://www.chinausfocus.com/finance-economy/2018/0518/16551.html

https://www.chinausfocus.com/finance-economy/2018/0518/16551.html


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https://twitter.com/RealDavidJensen/status/999055741032972288

https://www.zerohedge.com/news/2018-05-24/russian-gold-reserves-surge-above-1900-tons-5th-largest-world

https://twitter.com/RealDavidJensen/status/999055741032972288




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https://yournewswire.com/cnn-raided-fcc-american-public/

https://yournewswire.com/cnn-raided-fcc-american-public/


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https://valuewalkpremium.com/2018/05/our-dollar-but-your-problem-global-earnings-recession-straight-ahead/?utm_source=dlvr.it&utm_medium=linkedin

https://economictimes.indiatimes.com/markets/commodities/news/gold-bulls-push-for-the-exits-on-strong-dollar-and-lack-of-fear/articleshow/64231421.cms

https://seekingalpha.com/article/4175685-gold-setting-reversal-higher





https://seekingalpha.com/article/4175685-gold-setting-reversal-higher


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https://moneymorning.com/2018/05/22/blockchain-will-completely-revolutionize-how-we-mine-gold-and-precious-metals/

https://www.independent.co.uk/news/world/americas/spanish-galleon-found-caribbean-sea-gold-treasure-300-years-sinking-colombia-san-jose-a8363846.html

http://www.visualcapitalist.com/countries-most-foreign-currency-reserves/

http://www.lbma.org.uk/assets/blog/alchemist_articles/Alch83Crowell.pdf






http://www.lbma.org.uk/assets/blog/alchemist_articles/Alch83Crowell.pdf


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https://www.marketwatch.com/story/stock-market-bulls-have-to-admit-that-the-bears-might-be-right-2018-05-24




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Jim Rickards

May 24, 2018

Dear Reader,


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As you probably know by now, President Trump backed out of the nuclear deal with Iran and is re-imposing

harsh sanctions.

And just this morning, Trump announced that he’s canceling the much-anticipated nuclear summit with

North Korean leader Kim Jong Un because of Kim’s recent belligerent comments.

What does that mean, aside from the added geopolitical risk to markets?

As you’re about to see, you can now expect what I call the “Axis of Gold” to get even stronger. And it has

potential to accelerate the demise of the dollar-based international system.

The Axis of Gold includes Russia, China, Iran and Turkey. I would also include North Korea in that list,

although as a junior member.

These countries are forming a trading and financial network revolving around gold and are acquiring

massive amounts of physical gold to support it. They are steadily moving toward a gold-based balance of

payment system.

Why is this happening?

Well, if you’re on the receiving end of American sanctions like Russia, Iran or North Korea, you want a way

to work around these sanctions. And gold is a powerful alternative.

Let’s first consider North Korea.

With the summit called off, there’s every reason to expect that North Korea will only intensify its nuclear

program.


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But how can North Korea obtain the foreign nuclear and missile technology it requires to advance its

program?

By using gold.

If a rogue state wants to acquire ballistic missile components or equipment to enrich uranium, it can’t buy

them through SWIFT, the international payment system. But it can use gold.

Gold can’t be hacked or traced. Unlike digital money in bank accounts, it can’t be frozen. You just put it

on a plane or ship and send it to its destination.

And new U.S. sanctions will once again lock Iran outside of the international payment system. But Iran

does a lot of business with Russia and China. That’s where gold comes in.

Let’s break down how a triangle trade involving Iran, Russia and China works using gold...

Russia is building a nuclear power plant in Iran. At the same time, China is building an energy pipeline for

Russia.

Meanwhile, Iran sells a lot of oil to China. But Iran might not want too many yuan, because there’s a

limited global market for them.

So Iran owes Russia money for the power plant, Russia owes China for the pipeline and China owes Iran

money for the oil.

How does gold fit into this dynamic?

Gold allows the three parties to settle the multiple monetary transactions involved in this triangle trade.


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The three parties can tabulate who owes what to whom, net it out and settle the transactions in gold. This

is basically how a clearinghouse works.

When it’s all added up, for example, if it turns out that China owes Iran, China can then ship gold to Iran

to square the account.

Now these three partners have a working payment system to settle trade. They’re not using the dollar

payment system, or the SWIFT payment system or anything that the U.S. can interdict or even trace.

They’re in effect bypassing U.S. sanctions by using physical gold.

This creates additional demand for gold as these nations acquire gold to preserve wealth and to mitigate

their overdependence on the United States.

But now they’re actually getting to the stage where a non-dollar system is close to becoming a reality.

Regards,

Jim Rickards Managing editor, The Daily Reckoning


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by brandon white, business development manager/analyst · 25-05-2018 · by brandon white,...

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