In our last edition of our BFI InSights, we looked at the new role gold is playing as an anchor in today’s global financial system. We made the case why precious metals in general have a promising outlook for the months and years to come. Over the course of the summer, gold has moved decisively higher, pushing through some very important resistance points and currently prices are trading around USD 2’615, so in recent weeks there has been a more than 10% gain for the yellow metal. However, as explained in our last update, the action in the gold market can’t be seen as isolated from all the other ongoing developments around the world.

The global financial, monetary and economic landscape is once again shifting and the changes that are already underway are bound to have a significant impact on investment strategies. After much speculation and anticipation, the Federal Reserve recently announced its decision to cut interest rates by 50 basis points, very likely signaling a return to a more dovish policy direction.

As September rolled into October, tens of thousands of Bank of America customers found themselves logging into their accounts only to see that those accounts were temporarily unavailable…or even worse, with a zero balance! Some were stranded without access to their direct salary deposits, while others couldn’t pay rent on time. Let this be a warning the computer glitches are a glaring reminder of why “jurisdictional diversification” needs to become part of your vocabulary!

For the 14th year in a row, Switzerland continued its innovative advantage when it again ranked 1st in the Global Innovation Index (GII) published by the World Intellectual Property Organization. The index assesses world economies leading in global innovation from amongst 133 countries using some 80 different indicators to measure their overall strengths and weaknesses.

It probably goes without saying that when you plan on buying physical bullion, you need to choose the dealer you are going to purchase from and store with well. Like any investment, that can be hard enough to do, but in a recent (and yet another!) case out of the U.S., apparently even choosing a reputable, recommended dealer isn’t enough. Once again, the victims are U.S. retirement account holders that were simply trying to protect their wealth.

If you read the (BFI Bullion Quarterly) Digger regularly, you know that we try to focus on and address what we are hearing about from you: our clients, partners, and other friends. While the first half of the year has been nothing short of wild, we continue to hear the same recurring questions in our conversations: one is no surprise, while the other is a classic.

In a very recent podcast by the World Gold Council, as part of their “Unearthed” series, they sat down with the Royal Canadian Mint to discuss what role the Mint is playing in shoring up the integrity and transparency of the global gold industry. The RCM is committed to implementing the Gold Bar Integrity Programme, and in doing so, proudly names aXedras’s technology and ecosystem for that purpose.

At the start of last June, Berkshire Hathaway’s stock price suffered a spectacular 99% drop. The nosedive wasn’t caused by legendary investor Warren Buffet allocating his entire portfolio to NFTs, but by a technical glitch that also affected 40 other stocks, including miner Barrick Gold, which briefly traded for 25 cents per share, compared to the $17 before the glitch.

Bank stability is something too many people have taken for granted for too long. After the last global financial crisis of 2008 and the subsequent recovery, many naively believed that all serious systemic vulnerabilities have been addressed and bank collapses - or even worse, contagion scenarios - would be wildly unrealistic in the future.

Switzerland is (in)famous for many things. However, many of them do not even scratch the surface of what this country is all about. So, in honour of August 1st, our Swiss National Day, let’s take an in-depth look at our nation’s – and our people’s - DNA!

Consumed largely by recent US political news – the assassination attempt on Donald Trump and Joe Biden stepping down from the presidential race – it has been easy to overlook other important developments that can impact an investors’ big picture. One of those is the threat of de-dollarization, as US sanctions on Russia continue to make the BRICS countries, as well as others, wary of being hand-cuffed to the US dollar.

In the beginning of July, the Paul Scherrer Institute (PSI), Switzerland’s largest research institute for natural and engineering sciences, and Copenhagen Atomics, a Danish molten salt reactor developer, announced their large-scale experimental collaboration. The four-year agreement stands to put Europe in the pole position of the advanced nuclear technology field.

In mid-June, President Biden posted the following on his X account: “Zero. That was monthly inflation in May. There is more to do still, but this is welcome progress.” Do you believe it?‍

In our last update, we wrote about monetary policy and why 2024 might look very different from 2023. Until the 4th quarter of 2023, central banks maintained their hawkish tone and only in the final weeks of 2023 did the markets begin to consider the possibility of rate cuts in 2024. We are already in the middle of the second quarter of the year. While equities had a pretty positive start to the new year, the real action is currently in the precious metals market. In early March, gold was pushing through the critical resistance level of USD 2’080 and has since then moved to a new trading range, between USD 2’300 and USD 2’400.

In the current financial landscape, marked by es-calating and widespread systemic risks, efficient and effective risk management has become paramount. As global markets grapple with uncertainties ranging from geopolitical tensions to economic instability, in-vestors face mounting challenges in safeguarding their assets and achieving sustainable returns.

The middle class forms an essential pillar for sustainable economic growth and political, as well as social, stability. However, it’s being destroyed, and at an accelerated pace!Adding to the familiar headwinds of growing taxation and regulations, monetary and fiscal policy excesses of the past decade are also heaping additional pressure on the middle class.

The US elections are still a few months away. However, the economic shifts and trends that have developed over the last three and a half years will not significantly change. So, let's take a closer look at what the Biden administration has achieved economically. According to the president himself, Bidenomics is practically a synomym for 'The American Dream'. How accurate is that estimation?

In principle, investing your retirement funds in physical precious metals through a Gold IRA brings great benefits – most importantly this extra layer of protection. Unfortunately, numerous incidents of deceitful providers exploiting unsuspecting investors, are tarnishing the reputation of the whole sector. Investors are losing trust, and understandably so.

Last month marked the one-year anniversary of the latest global banking crisis. To refresh the readers’ memory, it started in March 2023 in the US, with the fatal bank run on Silicon Valley Bank (SVB), followed by the failure of Signature Bank and First Republic, and it culminated in the spectacular collapse of Credit Suisse in Switzerland. From where we stand today, most investors seem no longer concerned over more bank failures, and even less so over a looming global banking crisis. Are you convinced?

The latest Fireside Conversation is out! This time, BFI’s Frank R. Suess sits down with Mr. Thomas Pederson, the co-founder of Copenhagen Atomics, to discuss the exciting, but oddly quiet, revolution going on in the energy sector.