Gold requires financial repression

Gold traders rely on the Fed

The world’s leaders compared their fight with the coronavirus with the world war. This war won’t end after COVID-19 is defeated, as the governments will have to repay huge debts. In the US alone the public debt will be up from 109% to 131% of the GDP in 2020. According to Goldman Sachs research, the debt-to-GDP ratio is developed economies will hit the levels recorded in the 1940s. At that time, to avert the growth of borrowing costs, the Fed introduced financial repression, including the Treasury yield control and setting the rules encouraging investors…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>