The Repatriators

As a general rule, the most successful man in life is the man who has the best information

by Richard (Rick) Mills
Ahead of the Herd

The Europeans want their gold back. Amid global trade uncertainty, a pall hanging over the European Union due to continued economic weakness, the exit of Great Britain still a real possibility, and dark, nationalist undercurrents swirling, several of the 28-strong EU members are looking to gold as collateral in the event of a continent-wide “storm” that blows their individual economies into the maelstrom.

The perceived need to diversify away from the US dollar due to the Trump administration-instigated trade war and US snubs against EU members are also pushing Europe towards gold.

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