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Trust in the Bigger Picture, Trust in Gold

by Mark O’Byrne, Gold Core:

Each In Gold We Trust features a look at the “beer purchasing power” of gold. Whilst it may seem a light bit of fun, it is in fact a fantastic way to measure real inflation given official government measures are often misleading. Just by using this simple measure one can quickly appreciate the fake value in fiat money and where the real value lies – gold (and beer, of course).

  • Trump pulls out of Paris Climate Accord
  • Gold pauses ahead of non-farm payrolls data
  • In Gold We Trust 2017 released
  • Reports on the ‘Everything Bubble’
  • On average gold is up 5.88% ytd, since start of 2017.
  • Trump ‘was the trigger of the sudden reverse thrust of the gold price’
  • Reorganization of the global monetary order considered a ‘grey swan’
  • Trump’s announcement late yesterday that the US would be pulling out of the landmark 2015 Paris climate accord saw gold prices retreat. Markets are now awaiting the release of the non-farm payroll data. General consensus is that 210,000 new positions were added in May. However, this could be an underestimation given the stronger ADP number yesterday.

    The Paris climate deal, jobs numbers, elections and terrorist attacks are all important ingredients in the tale of an economy. But they should not be considered individually when considering the gold price or gold investment. They all come together to form a far more complex story, which is the global financial and geopolitical system.

    Yesterday Incrementum’s widely respected In Gold We Trust report was released. The authors do a stellar job of considering not only the wider picture but also what we can learn from history. This is refreshing in an age when many mainstream, day-to-day analyses look for individual bullish and bearish signs for gold, when in reality all the signs need to be considered together.

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