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Download issue:English /Français /Deutsch /Español /ItalianoWith all major central banks now having turned dovish, we can expect the continuation of ultra-low global interest rates in 2019. This is a relief for markets, which have already rallied in response. The greater concern is whether global growth can make a comeback.César Pérez Ruiz, Pictet Wealth Management’s (PWM) Head of Investments & CIO, will be looking for stabilisation in earnings revisions against the current backdrop of...

«Because gold is honest money, it is disliked by dishonest men.“ – Ron Paul The value of silver and gold is given by their own nature Neither gold nor silver has value expressed in other units of account. Their value is expressed directly in their own weights. Everything else that is valuable (other assets, commodities, goods, services, or performed labor) is measured against a certain weight of these metals. In other words, the value of gold and silver is assigned by their own...

«Because gold is honest money, it is disliked by dishonest men.“ – Ron Paul The value of silver and gold is given by their own nature Neither gold nor silver has value expressed in other units of account. Their value is expressed directly in their own weights. Everything else that is valuable (other assets, commodities, goods, services, or performed labor) is measured against a certain weight of these metals. In...

SBTV speaks with Claudio Grass, an independent precious metals adviser based in Switzerland. A proponent of sound money and the Austrian School of Economics, Claudio shares his convictions on why human liberty and sound money are inextricably linked. Discussed in this interview: 02:39 Relationship between liberty and sound money 06:51 Keynesian view of money 09:58 Similarities between Austrian School and Keynesian economics? 14:00 Geopolitical issues clouding the near future 18:08...

The Fed enters the 'acceptance stage' regarding its debt and market dominance monetary regime.The US Federal Reserve (Fed) is further reinforcing its stance on ceasing its balance sheet shrinkage before year end, essentially yielding to the demands of markets, which have been anxious about the potential for market liquidity shrinkage. Officially, the balance sheet question is still rooted primarily in the technical – commercial banks’ high demand for safe, liquid assets – rather than...

'Wake up call' yet to happen as the clock ticks on.A series of votes in the British parliament resulted in little new progress on the Brexit front; the outcome being that Theresa May will return to Brussels to attempt to improve her ‘deal’, which a new parliamentary vote scheduled for mid-February.However, Brussels has rejected the idea of reopening negotiations and it is not clear that mere tweaks will be enough to overcome the intense opposition in parliament to May’s initial deal.Bottom...

The CIO office’s view of the week ahead.President Trump put a temporary end to the shutdown on Friday after signing a funding package that reopens the US government for business until 15 February. Federal workers will receive their back pay, but the president continues to hold firm on his demand for funding for a border wall, threatening to resume the shutdown if a deal with Congress is not reached in three weeks. His disapproval ratings have reached their highest in a year due to the...

SilverBullion TV speaks with Claudio Grass, an independent precious metals adviser based in Switzerland. A proponent of sound money and the Austrian School of Economics, Claudio shares his convictions on why human liberty and sound money are inextricably linked. Discussed in this interview: 02:39 Relationship between liberty and sound money 06:51 Keynesian view of money 09:58 Similarities between Austrian School and Keynesian economics? 14:00 Geopolitical issues clouding the near future...

Until recently, Germany has been the seemingly unbreakable workhorse that has pulled the European economy back from the brink and kept it ticking along through a myriad of internal and external pressures, as well as political crises, over the last decade. As the undeniable leader of the bloc, the country has spearheaded and supported rescue plans for the Eurozone’s weaker links, as well as a number of controversial policies that work towards further centralization within the EU. However,...

Selectiveness will be key to navigating between 2019 tailwinds and headwinds.Overall, we think there are reasons for investors to be more optimistic on emerging market (EM) debt in 2019. A Fed pause, a limited rise in US Treasury yields, a weaker US dollar and an eventual US-China trade truce could all be tailwinds for EM debt after poor returns in 2018.Furthermore, monetary and fiscal stimulus should help put a floor on the recent Chinese growth slowdown. Along with some policy relaxation...