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5.23.19 - Stable Money Leads To Prosperity

Gold last traded at $1,285 an ounce. Silver at $14.62 an ounce.

NEWS SUMMARY: Precious metal prices rose sharply Thursday on safe-haven buying and a weaker dollar. U.S. stocks fell sharply as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.

 

 

 

Central Banks Go Gaga Over Gold

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bars business global intergold 335265smWhy the World's Central Banks Are Going Gaga Over Gold -The Street
"Central banks are going gaga over gold. They are snapping up the metal at the fastest rate in almost half a century in a trend that looks set to continue. Over the 12 months through March 31, they purchased a whopping 715.7 metric tons of gold bullion worth around $29.4 billion, according to a recently published report from the industry group World Gold Council. 'In all likelihood, we expect another strong year,' says Alistair Hewitt, director of market intelligence at WGC in London.

"Win-Win or Lose" Book Sneak Peek

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win lose"Win-Win or Lose"- A Sneak Peek of Bill's New Book -Bonner/Bonner And Partners
"Bill has been hard at work on his newest book, Win-Win or Lose...Bill reveals the elemental force at the heart of human progress, and shows what happens when we abandon it. Everything is built from the same atoms. We all have the same basic matter at hand; it all depends on how we put it together. A skyscraper is nothing more than various basic elements… assembled in a certain way. Poor tribesmen in the Amazon don't know how to do it; rich people in New York, Tokyo, or Paris do. The difference is knowledge.

Will China-U.S. Trade Talks Falter?

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33053070308 7b2305dcb5 mChinese-U.S. Integration Frays as Trade Talks Falter -Wall Street Journal
"The sudden deterioration of trade talks between the U.S. and China this week has raised the prospect of a once-unimaginable rupture between the world's two largest economies. Whether talks ultimately yield a deal, the decadeslong integration of the two economies appears bound to go into reverse as mutual suspicion and geostrategic rivalry permeate political and personal relationships. The signs are accumulating: Manufacturers of shoes, cameras and iPhones are looking to move production beyond China. American officials are forcing Chinese investors to sell their stakes in American startups. Chinese scientists' visas to visit the U.S. are facing delays.

Double-Digit House Gain Era Over

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house 1353389 640Housing Data Warns The Era Of Double-Digit Price Gains Is Over -Zero Hedge
"Following last month's disastrous starts and permits data, Tuesday's release of the S&P/Case-Shiller US National Home Price Index hinted at a nasty slowdown in all 20 metropolitan regions the index tracks, indicating that the era of double-digit growth is coming to an end...This is the weakest annual growth since September 2012, decelerating for an 11th month in January as buyers held out for more affordable properties.

Gold: A Safe Haven Buy

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Gold BullionGold hits 1-week high as trade jitters dampen risk appetite -Reuters
"Gold prices rose to their highest in more than a week on Wednesday as renewed worries over U.S.-China trade dispute and its potential impact on global growth dented risk sentiment, stoking investors towards safe-haven assets....'Gold is being supported by risk-aversion buying at the moment,' said Jeffrey Halley, senior market analyst,