Author: Gold News Club

Bloomberg/Mark Gilbert and Marcus Ashworth/9-2-3-2020

“‘It’s our currency, but it’s your problem,’ John Connally, Richard Nixon’s treasury secretary, told the world in 1971. Four decades later, the dollar’s weakness threatens to incite a full-blown currency war that could distract policymakers from their key task of mending the post-pandemic global economy.”

USAGOLD note:  In a currency war, unlike the military variety – in this case the dollar vs. the euro – it is the loser that gets the spoils (not the winner) and the territory gained is greater exports.  Bloomberg says the dollar will be the winner in this war – or is that loser?

Financial Times/John Plender/9-3-2020

“The Covid-19 crisis has pushed government bond prices to all-time highs, suggesting these assets’ reputation for safety remains as strong as ever. But there are good reasons to think the opposite: that US Treasuries have lost their some of their diversification advantages, and that central bank measures to encourage inflation will be ultimately ruinous for holders.”

USAGOLD note:  Plender offers a sturdy rationale for investors seeking ultimate safety in these times and ends up with property, commodities and gold as the best choices – in fact, “in the time-honored phrase, a no brainer.”

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1. Gold, silver see some price pressure after U.S. jobs data  Kitco NEWS
2. Gold spot price at Rs 50,350, lower than week’s average by 1.38%  Hindustan Times
3. Gold prices today rise after 3-day fall but still down ₹5000 from recent highs  Mint
4. Gold price today: Yellow metal gains tracking positive cues; likely to hold Rs 50,300 support  Moneycontrol.com
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