Fear and Loathing in the Age Of QE, AI, Trump and War

‘Fear and Loathing In the Age of QE … AI’ is a presentation given at Mining Investment London earlier this week.

Stephen Flood, CEO of GoldCore presentation (28 minutes) was well received at the conference which is a strategic mining and investment conference for leaders in the mining and investment sectors, bringing together attendees from 20 countries.

Key topics in the video:

– A bullion dealers view on ‘What will drive the markets in 2018?’
– QE, inflation, Fed rates, debt bomb, China, populism, EU cohesion, Brexit, digital disruption, cashless society, demographics, Trump (war), Artificial intelligence (AI)
– Solve global debt crisis with humongous amount of debt!?
– Inflation – U.S. health insurance has increased 13% per annum since
– How Artificial Intelligence (AI) is the “big one,” likely be massively disruptive
– Trump: ‘No respect, no capacity, no strategy’
– Brexit and EU – ‘Poor outlook’ for Europe and euro doomed?
– “We are getting older and getting fatter” … “less useful & less fair”
– “We live in uncertain times … there is no map”
– Gold’s excellent c.10% per annum performance over long term (see table)
– Low cost gold = Low “utility” gold
– Avoid “single point of failure”

‘Fear and Loathing In the Age of QE … AI’ can be watched on Youtube here

News and Commentary

Gold holds near one-week low as dollar firms (Reuters.com)

Tech Stock Slide Spreads to Asia; Korean Won Drops (Bloomberg.com)

U.S. Stocks Dragged Down by Tech Rout; Bonds Fall (Bloomberg.com)

Goldman Says the Bitcoin Haters Just Don’t Get It (Bloomberg.com)

Fidelity restores online account access after resolving technical issue (CNBC.com)

Source: Bloomberg

Goldman Warns That Market Valuations Are at Their Highest Since 1900 (Bloomberg.com)

Bitcoin Tops $11,000 – Bundesbank Sees No Bubble, Stiglitz Says “Should Be Outlawed” (ZeroHedge.com)

Own Bitcoin – But Invest No More Than You Can Afford To Lose (StansBerryChurcHouse.com)

What to do if you’ve missed out on the bitcoin super-bubble (MoneyWeek.com)

Gold Slammed On Massive Volume To Key Technical Support On GDP Beat (ZeroHedge.com)

Gold Prices (LBMA AM)

30 Nov: USD 1,282.15, GBP 952.64 & EUR 1,084.06 per ounce
29 Nov: USD 1,294.85, GBP 965.70 & EUR 1,092.46 per ounce
28 Nov: USD 1,293.90, GBP 972.75 & EUR 1,088.95 per ounce
27 Nov: USD 1,294.70, GBP 969.73 & EUR 1,084.83 per ounce
24 Nov: USD 1,289.15, GBP 967.89 & EUR 1,086.37 per ounce
23 Nov: USD 1,290.15, GBP 969.93 & EUR 1,089.40 per ounce
22 Nov: USD 1,283.95, GBP 969.25 & EUR 1,092.51 per ounce

Silver Prices (LBMA)

30 Nov: USD 16.57, GBP 12.32 & EUR 14.00 per ounce
29 Nov: USD 16.90, GBP 12.60 & EUR 14.26 per ounce
28 Nov: USD 17.07, GBP 12.84 & EUR 14.36 per ounce
27 Nov: USD 17.10, GBP 12.81 & EUR 14.32 per ounce
24 Nov: USD 17.05, GBP 12.80 & EUR 14.38 per ounce
23 Nov: USD 17.10, GBP 12.84 & EUR 14.43 per ounce
22 Nov: USD 16.97, GBP 12.81 & EUR 14.44 per ounce

Recent Market Updates

– Own Gold Bullion To “Support National Security” – Russian Central Bank
– Bitcoin $10,000 – Huge Volatility of Cryptocurrencies and Risky Fiat Making Gold Attractive
– Financial Advice from Dr Wayne Dyer
– Buy Gold As Fed Shows Uncertainty And Concern Over Financial ‘Imbalances’
– Brexit Budget – Grim Outlook As UK Economy Downgraded
– Geopolitical Risk Highest “In Four Decades” – Gold Demand in Germany and Globally to Remain Robust
– Gold Versus Bitcoin: The Pro-Gold Argument Takes Shape
– Money and Markets Infographic Shows Silver Most Undervalued Asset
– Is New Fed Chief A “Swamp Critter Extraordinaire”?
– Deepening Crisis In Hyper-inflationary Venezuela and Zimbabwe
– UK Debt Crisis Is Here – Consumer Spending, Employment and Sterling Fall While Inflation Takes Off
– Protect Your Savings With Gold: ECB Propose End To Deposit Protection
– Internet Shutdowns Show Physical Gold Is Ultimate Protection