Author: Gold News Club

McKinsey & Company/Simon London interviews Greg Callaway and Oliver Rambsbottom/January 2020

“What we’re seeing, potentially, is a move to dedollarize the global economy. We think that that’s going to increase the role that gold has: maybe not moving back to a gold standard but certainly having a larger role to play, which we think would be positive for gold prices.”

USAGOLD note:  McKinsey is the highly-regarded international consulting group. This interview centers around longer-term trends in the gold mining industry but draws some notable conclusions on the metal itself.

CNBC/Jeff Cox

“More than 700 years of history show that the times as they are now, at least in regard to interest rates, aren’t quite so different as we’re led to believe, according to research that goes back to the Black Death plague of the 14th century.”

USAGOLD note:  Is it not one thing to have negative rates in times of the gold standard and something else again when it occurs in a fiat money system? . . . . . Such complications aside, the author says “real rates could soon enter permanently negative territory.”  As a good many have suggested, gold could do well in a period of low to negative real rates of return as investors question the wisdom of saving in a currency that does not draw a yield.

Repost from 1-15-2020

ZeroHedge/Tyler Durden

“In 2008, Rogers notes that we had problems because of too much debt, however, ‘since then the debt has skyrocketed everywhere and it’s going higher and higher. We are going to have a horrible time when this all comes to an end.’ Adding that: …eventually, the market is going to say: ‘We don’t want this, we don’t want to play this game anymore, and we don’t want your garbage paper anymore.’”

USAGOLD note:  The bow-tied financial impresario does not mince words as he raises the caution flag on the burgeoning global debt . . .

Repost from 1-16-2020

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