In this report, I cover the early market action from London on Monday, January 28th, 2019. I look briefly at the precious metals, the stock market, the dollar, and other currencies, the bond market and the price of oil.
Today I look at the events surrounding the political and geopolitical situation in Venezuela and also how that country has been denied access to its gold reserves being held at the Bank of England vaults.
My take from what is going on in Venezuela is that what we are being told is probably not the whole truth of the situation in that country. I show that the excuse we are given that socialism has buried that country's economy does not paint the entire picture.
My conclusions from the Venezuela situation are two: one is that unless you have possession of physical gold or precious metals, in general, you do not own it and the other is that the best way to have some kind of understanding of what is going on in the South American country is to go there and find out for yourself.
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Why did BOE confiscate Venezuelaz's gold? The logical thinker concludes that BOE is out of gold.
I appreciate you sharing this! Thank you @maneco64
That is all you hear is FAKE NEWS about how great everything is and now the FED will make it great again like the past Ten years.
Meanwhile lexandria Cortez wants to use the FED to print money for the 99 per centers and Tax the rich who used the fed to get rich 70 %
It only gets better
Worrying times for us all. Just wish I had more gold. I should have invested in that instead of bitcoin mineing doh! 💯🐒