Big Bank Bets on Gold – Here’s Why

With gold having struggled throughout much of 2018, it’s easy for analysts to take a bearish view of the world’s most popular precious metal. However, John LaForge, the Wells Fargo Investment Institute’s head of real asset strategy, has flipped bullish on gold – and his reasons actually appear to carry some weight.

More Evidence that Central Banks Are Threatened by Cryptos

It’s not difficult to figure out why central banks, such as the U.S. Federal Reserve and the European Central Bank (ECB), are less than 100% enthusiastic about cryptocurrencies. Clearly, these central banks perceive the emergence of new, competing currencies based on grassroots movements as a threat to the hegemony of the U.S. dollar, the euro, and other government-backed currencies.

A Dubious Honor: China’s Consumerism Dwarfs America’s

If consumerism were an Olympic sport, America would have more gold medals than Mark Spitz and Michael Phelps put together. But, as in numerous other areas of finance, China is threatening to unseat America’s dominant position in a world that’s changing rapidly and shaking up multi-generational assumptions.