Gold has been used as a medium of exchange for thousands of years and has held its value throughout that time.

The US, among most other global economies, crashed from a booming 2019 to a recession in 2020, which was triggered by the Coronavirus pandemic.

With near-zero oil prices, a spiraling contracting GDP, a crazy fiscal policy, and Canadian households buried in debt, it is not a question on if negative interest rates come to Canada, but when?

As the coronavirus continues to infect more and more people, food supply chains have started to become more strained in recent days.

As a result of the coronavirus, world economies have turned frantic. That includes the United States.

Canadians are beginning to feel the effects of higher prices as the annual pace of inflation surged to 2.4%.

Personal debt is usually a reason for concern. Many people struggle with it every month. For some Canadians, however, the situation has reached a state of hopelessness.

For anyone following the gold industry, a significant development that many in the finance industry may not be paying close attention to is the emergence of Judy Shelton within the Federal Reserve.

The International Monetary Fund (“IMF”) has expressed its concern over the amount of increasing global corporate debt.

Although the economy appears to be booming and unemployment is at an all-time low, not everyone is feeling the economic gains.

For almost a decade, global central banks have turned into avid gold buyers. Gold purchases by central banks in 2018 rose 36 percent over the previous year. Central banks are now holding 366 tons of the yellow metal.

How destructive is hyperinflation? To quote economist Thomas Sowell, “Hyperinflation can take virtually your entire life’s savings, without the government having to bother raising the official tax rate at all.”

China increased its gold reserves for the third straight month in February according to the People’s Bank of China.

The Bank of China had increased its gold reserves from 1842.6 tons to 1,852 tons in December 2018. This increase represents the first major purchase of gold by the Bank of China since 2016.

While the U.S. economy appears to be booming, so is the country’s corporate debt, which is a historical and stratospheric high.

Venezuelans have no reason to be optimistic. Food has turned into an extreme luxury, and many Venezuelans are starving.