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Venezuela to Sell Gold Certificates to Pensioners as Inflation Soars


 -- Published: Wednesday, 29 August 2018 | Print  | Disqus 

– 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

https://news.goldcore.com/

 


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 -- Published: Wednesday, 29 August 2018 | E-Mail  | Print  | Source: GoldSeek.com

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