The same institute “incrementum” that published Crypto Research Report as I mentioned in my previous post “Cryptocurrency In Early 2018”, has just released their 12th annual report on gold: In Gold We Trust 2018.

The extended version is very long with lots of charts and I am slowly ploughing through it.  They also provided a compact version which is much more suitable for everyday reader.

I don’t believe the economy has recovered since 2008 and I am surprised that the collapse has not been fully manifested yet.  However, I wonder how long the world can tolerate the monstrous amount of debts, including sovereign debts, corporate debts and household debts.

With rising oil price, it will put much pressure on the already fragile global economy.  Cheap oil has been the driving force of economic prosperity and if we do not have cheap oil, everything will be impacted.  On top of that, the coming mini ice-age will further push energy prices upward meaning higher costs for everything else.

Trade wars and physical wars will greatly hamper trust relationships among nations, which would eventually lead to global economic downturns.  The global commerce is like a giant web tightly knitted together.  A small crack anywhere is capable of inflicting serious damage to the entire system.  The previous crisis in Greek and the current crisis in Italy serve a good example of how one nation’s fall can affect all markets across the board.

I maintain the position that physical (very important) gold and silver should be in everybody’s investment portfolio to hedge against the coming economic collapse.  Keep some cash on the side and always  store extra necessities when rainy days come.  Make no mistake, the storm will come.