U.S. China Trade War Escalates as Russia and China Accumulate Gold
- U.S. China trade war escalates as Russia stockpiles gold on the Keiser Report- Trump's erratic and risky trade policies pose a risk to dollar as reserve currency- China, Russia "getting cosier" with Silk Road and increasing economic cooperation- China and Russia "want to do business outside of the dollar" and "dollar will finally reach its comeuppance"- "No gold ever leaves China ... they are hoarding it and Russia is buying it"- Makes sense to be "accumulating lots of gold"
In this final episode of the Keiser Report from Paris, France, Max and Stacy discuss if a genuine trade war has erupted between China and the U.S. and look at nations, including Russia, stockpiling gold and also cover our recent market update (June 21): Russia Buys 600,000 oz Of Gold In May After Dumping Half Of US Treasuries In April
In the second half, Max continues his interview with French journalist, Pierre Jovanovic, of Quotidien.com about the economic situation and France and political crisis in Europe.
The entire show is well worth a watch and commentary regarding the recent developments with Russia, China, US Treasuries, the dollar and gold can be watched from the start until 13.11 minute.
Full interview on Keiser Report here
News and CommentaryBloomberg Live Now: China-U.S. Trade War Kicks Off (Bloomberg.com)
Stocks Mixed as U.S. Tariffs Kick In; Havens Flat (Bloomberg.com)
Gold's allure has been damaged by strengthening greenback for now (Bloomberg.com)
Gold ends higher for a 2nd session, slips in electronic trade after Fed minutes (MarketWatch.com)
Gold Is 'Invaluable' To Technology Sector, Higher Metal Demand Inevitable WGC (MiningReview.com)
Source: Forbes
U.S. China Trade War as Russia Stockpiles Gold - GoldCore on Keiser Report (RT.com)
Inflation Is Back, Part 8: Labor Shortage Reaches "Critical" Point (DollarCollapse.com)
Unfunded Promises (MauldinEconomics.com)
Top 10 Countries With Largest Gold Reserves (Forbes.com)
The vital role of gold in technology (Gold.org)
Time to Buy Gold for a Trade (Investopedia.com)
Gold Prices (LBMA AM)
05 Jul: USD 1,252.50, GBP 946.89 & EUR 1,071.64 per ounce04 Jul: USD 1,256.90, GBP 951.47 & EUR 1,079.80 per ounce03 Jul: USD 1,245.85, GBP 944.85 & EUR 1,068.81 per ounce02 Jul: USD 1,249.00, GBP 948.87 & EUR 1,072.39 per ounce29 Jun: USD 1,250.55, GBP 950.29 & EUR 1,073.85 per ounce28 Jun: USD 1,250.50, GBP 955.26 & EUR 1,081.68 per ounce27 Jun: USD 1,256.80, GBP 951.40 & EUR 1,079.97 per ounce
Silver Prices (LBMA)
05 Jul: USD 15.95, GBP 12.04 & EUR 13.65 per ounce04 Jul: USD 16.05, GBP 12.15 & EUR 13.78 per ounce03 Jul: USD 15.93, GBP 12.08 & EUR 13.68 per ounce02 Jul: USD 15.98, GBP 12.14 & EUR 13.73 per ounce29 Jun: USD 16.03, GBP 12.20 & EUR 13.77 per ounce28 Jun: USD 16.11, GBP 12.30 & EUR 13.90 per ounce27 Jun: USD 16.21, GBP 12.27 & EUR 13.93 per ounce