98,750,067,000,000 Reasons to Buy Gold in 2018

98,750,067,000,000 Reasons to Buy Gold in 2018
– World equity index market capitalization touching distance of $100 trillion dollars at beginning of December
– Key indicators across global financial markets are looking decidedly bubble-like
– Little indication that we are through the worst of the financial crisis that started in 2007
– Apparent lack of concern regarding the over-heated and overpriced markets
– Since financial crisis gold has climbed nearly 124% in EUR, 190% in GBP and 98% in USD
– Goldcore’s latest podcast covers gold’s role in 2018 in the land of bubbles
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Earlier this week Yahoo! published ‘2017: The year the financial crisis officially ended’. In it the author points to record-high stocks and cryptocurrency surges as some of the key indicators that the latest financial crisis is tightly wrapped up and now destined for the history books.
Sadly we don’t agree. Neither does Bloomberg. At the start of the month two Bloomberg journalists explained why they were ‘worried about 2018’. In simple terms – there are so many bubbles on the horizon its not worth stopping to count them.

This post was published at Gold Core on December 28, 2017.


ZAR Tumbles As South Africa’s ANC “Decides” To Nationalize Central Bank, Confiscate Land

South Africa’s ruling African National Congress gushed a double whammy of capital-flight-creating rulings this afternoon. The Rand is tumbling on Bloomberg headlines that the ANC is said to seek constitutional changes for land expropriation (from whites) without compensation, but perhaps even more worrisome, the ruling party has decided that the Reserve Bank must be wholly owned by the state:
SOUTH AFRICA’S ANC ECONOMIC COMMITTEE CHAIR GODONGWANA SPEAKS S. AFRICA ANC SEEKS CONSTITUTION CHANGES FOR LAND EXPROPRIATION S. AFRICA’S ANC SAYS LAND EXPROPRIATION MUSTN’T HURT ECONOMY S. AFRICA’S ANC SAID TO DECIDE CENTRAL BANK MUST BE STATE-OWNED

This post was published at Zero Hedge on Dec 20, 2017.