Will Indebted Nations Globally Follow Venezuela Into Hyperinflation?

//Will Indebted Nations Globally Follow Venezuela Into Hyperinflation?

Will Indebted Nations Globally Follow Venezuela Into Hyperinflation?

– Currency has become worthless in Venezuela’s hyperinflation

– Venezuela was once one of the wealthiest countries in South America

– Currency collapse due to massive currency “printing,” digital currency creation and misguided socialist government

– Toilet paper roll costs 2.6m bolivars or 0.40 cents but a gold coin (1 oz) can buy over 3,000 toilet rolls

– Chicken costs 14.6m bolivars or $2.20 but a gold coin (1 oz) can buy over 540 chickens

– Indebted nations throughout the world are vulnerable and some are already seeing sharp currency depreciation – Turkey, Syria, Iran, South Africa, Argentina & others

– Risk of hyperinflation in US, EU & UK is low in short-term but real risk of deflation and then stagflation

10 Incredible Photos From Venezuela Show The Disastrous Risks Of Currency Devaluation – See Here

Watch and Follow On Our Youtube Channel

 

News and Commentary

Venezuela to Sell Gold Ingots to Pensioners as Inflation Soars (Bloomberg.com)

Gold prices inch up, but U.S.-China trade tensions weigh (Reuters.com)

Asia Stocks Mixed After Rally; Treasuries Steady (Bloomberg.com)

U.S. goods trade deficit rises as exports fall (Reuters.com)

Home-price growth slows again – Case-Shiller (MarketWatch.com)

Will Indebted Nations Globally Follow Venezuela Into Hyperinflation? gold futures

Source: Investing.com

“The World Is Venezuela” – Sinclair and Holter (Youtube.com)

Take a look around the London Silver Vaults in a 360 video (BBC.co.uk)

The trend away from the dollar accelerates (GoldSeek.com)

Is Tunisia the next emerging market to implode? (DollarCollapse.com)

The Water Crises Aren’t Coming-They’re Here (Esquire.com)

 

Will Indebted Nations Globally Follow Venezuela Into Hyperinflation? Venezuela Play

Gold Prices (LBMA AM)

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

21 Aug: USD 1,194.10, GBP 931.28 & EUR 1,036.12 per ounce

20 Aug: USD 1,188.75, GBP 933.29 & EUR 1,042.41 per ounce

Silver Prices (LBMA)

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

21 Aug: USD 14.78, GBP 11.52 & EUR 12.83 per ounce

20 Aug: USD 14.76, GBP 11.57 & EUR 12.93 per ounce

Recent Market Updates

– 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”

– This Week’s Golden Nuggets

– The Stock Market is Stretched to Double Tech-Bubble Extremes

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By |2018-08-30T04:16:52+00:00August 30th, 2018|Blog|Comments Off on Will Indebted Nations Globally Follow Venezuela Into Hyperinflation?

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