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21-08-2019

WORLD CRASH 2019 AND GOLD UP

WORLD CRASH 2019 AND GOLD UP

Gold is currently at record highs for more than 20 years, as it was in August 2012 with a price that reached 43,510 €/ kg. This year it has even reached 44,176 €/ kg. What is happening? Why does gold have such an upward trend? Gold has always been and will be a refuge value and central banks have not hesitated to increase their investments in this metal... In 2018 up to 74% more than in 2017 and this year they do not seem to stop...

 

Well, for now, this last month of August 2019, gold seems to have a remarkable resistance to exceeding the contribution thresholds indicated above, but experts predict that it could still rise more in the coming months due to some of the global economic tensions that we will mention that will be triggered between September and October of this year... By reading the following points it can give you the feeling that there is an incipient global chaos... So we give rise to the next question... Are we facing an imminent Global Crisis?

 

  • In the last article we already specified that the Trade War between the United States and China had already caused great instability in the markets and consequently is reflected in the rise in gold, but it is worth mentioning that they are still in dispute.
  • On the other hand, the Euro Zone is in a significant economic slowdown that even the strongest countries in that area are already reflected in their income statements such as Germany, not to mention others like Italy that currently have negative results...
  • Continuing with the Euro Zone, a Hard Brexit is also foreseen… which basically means a departure from the United Kingdom from the European Union by the good way or the bad way…
  • And this doesn’t end here... Europe must also face, like China, a Trade War against the United States, the famous rise in taxes...
  • As well, we would also highlight Venezuela, although less and less is heard by the media... Let us pray that it doesn’t become a new Vietnam ...
  • In Argentina there seem to be some important political disputes that are significantly affecting its economy, about to have general elections... Let's see what happens...
  • There have been strong social revolts lately in Europe because of the Yellow Vests due to the rise in oil, but it seems that in Hong Kong they also have their own revolts in favor of democracy, perhaps they’ll have a military intervention...
  • And finally... War in Iran? The Strait of Hormuz where a third of the oil passes could be affected by a bad relationship between Iran and the United States.

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