– 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)
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)
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
– 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 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”
– The Stock Market is Stretched to Double Tech-Bubble Extremes
The post Will Indebted Nations Globally Follow Venezuela Into Hyperinflation? appeared first on GoldCore Gold Bullion Dealer.
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