This Week’s Golden Nuggets

News, Market Updates, Charts and Videos You May Have Missed

Here is our weekly digest of the important news, market updates, charts and videos we covered this week.

As emerging market currencies around the world collapse in value and gold reaches new record highs in these fiat currencies, we felt it important to look at the terrible situation in Venezuela and consider whether this will be the fate of other massively indebted nations.

A “picture paints a thousand words” and the photos from Reuters Wider Image were very powerful in helping people understand the devastation that hyperinflation is reeking on the once wealthy South American nation.

Videos This Week

 

 

 

 


Market Updates This Week

Video: “Financial War” Deepens as Russia Buys Gold and German Foreign Ministers Calls For “Alternative Payments System”

Video: Will Indebted Nations Globally Follow Venezuela Into Hyperinflation?

End Of Dollar Hegemony May Happen Soon and Badly Impact Indebted America

10 Incredible Photos From Venezuela Show The Severe Risks Of Currency Devaluation


Charts This Week

News and Commentary

Gold headed for longest monthly losing streak since 2013 (Reuters.com)

Gold breaks consolidation range and drops back below $1,200 (FXStreet.com)

Trump to Back $200 Billion China Tariffs as Early as Next Week, Sources Say (Bloomberg.com)

Russian Lawmaker Suggests Gold-Linked Cryptocurrency for Arms Exports (CNN.com)

Special Report: In Venezuela, new cryptocurrency is nowhere to be found (Reuters.com)

Jim Rogers: Buy Gold (MoneyWeek.com)

How the 1930s banking crises prolonged the Great Depression (MoneyWeek.com)

Record bull run must end soon. So is it time for a return to gold? (Spectator.co.uk)

Australia’s “Mortgage Prisoners” Totally Screwed As Refi Rejections Soar (ZeroHedge.com)

Mapping The Countries Shutting Down The Internet The Most (ZeroHedge.com)

Let The Emerging Market Bailouts Begin: “We Don’t Have Much Choice” (Gold-Eagle.com)

The World Is Ganging up Against the Dollar (DailyReckoning.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below


Gold Prices (LBMA AM)

30 Aug: USD 1,202.35, GBP 924.25 & EUR 1,028.49 per ounce
29 Aug: USD 1,204.30, GBP 935.14 & EUR 1,032.33 per ounce
28 Aug: USD 1,212.75, GBP 939.88 & EUR 1,037.02 per ounce
24 Aug: USD 1,189.95, GBP 928.76 & EUR 1,029.43 per ounce
23 Aug: USD 1,187.30, GBP 923.24 & EUR 1,027.61 per ounce
22 Aug: USD 1,196.85, GBP 928.25 & EUR 1,032.88 per ounce

Silver Prices (LBMA)

30 Aug: USD 14.67, GBP 11.27 & EUR 12.54 per ounce
29 Aug: USD 14.69, GBP 11.40 & EUR 12.60 per ounce
28 Aug: USD 14.90, GBP 11.56 & EUR 12.74 per ounce
24 Aug: USD 14.62, GBP 11.37 & EUR 12.63 per ounce
23 Aug: USD 14.63, GBP 11.34 & EUR 12.62 per ounce
22 Aug: USD 14.81, GBP 11.49 & EUR 12.77 per ounce


Recent Market Updates

– Video: “Financial War” Deepens as Russia Buys Gold and Dollar Hegemony At Risk – Rickards on CNN
– Will Indebted Nations Globally Follow Venezuela Into Hyperinflation?
– End Of Dollar Hegemony May Happen Soon and Badly Impact Indebted America
– 10 Incredible Photos From Venezuela Show The Disastrous Risks Of Currency Devaluation
– This Week’s Golden Nuggets
– Video: Is Silver Set for a Massive Breakout?
– Banks Now Long Gold, Short Dollar. What Do They Know?
– Russia Buys 800,000 Ounces Of Gold In July
– Gold Season – Is This It?
– This Week’s Golden Nuggets
– Gold And Silver Prices Fall 1.6% and 4.3% To Near 2 Year Lows
– London House Prices Fall At Fastest Annual Rate Since Height Of Financial Crisis
– Jim Rogers on Gold, Silver, Bitcoin and Blockchain’s “Spectacular Future”

Mark O'Byrne

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Videos

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

David Hunter – The Contrarian View: Market to Crash by 80%

Blog posts

Gold Leads the Way for Silver

Gold leads the way Last week we wrote about the gold to silver ratio. Our points were that it measures the price of one metal against the other, just as we use the dollars per ounce to measure daily metals prices, and just as we use ounces per Corvette to measure purchasing power preservation. Also, […]

READ MORE

Gold, Stocks & Commodities- A Complicated Correlation

In our July 29 post titled How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs! we showed readers charts of gold as a ratio to other assets and products. We discussed that gold competes with crypto and stocks for the investment dollars. It was clear that gold as a ratio of the S&P […]

READ MORE

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Gold and silver have faced stiff competition for investment dollars. There is little doubt that the cryptocurrency hype at the end of 2020 and the first quarter of 2021 sucked investment away from gold. Some viewed it as a ‘no lose’ investment and others as the next generation alternative to fiat currencies. The sharp decline […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

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READ MORE

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