gold protects against paper money’s ongoing loss of purchasing power - or expressed in Wiesn terminology: against dry throats.

The retail price of physical gold in Japan climbed to its highest in nearly 40 years on Thursday, a surge accentuated by fluctuations in the value of the yen but mirroring a global hunt for the safe-haven precious metal amid worries that the U.S.-China trade row could further depress the global economy.

The policy significantly restricts the anonymous purchase of precious metals and art. According to the bill, the new cash threshold of 2000 euros will apply from January. Money laundering and terrorist financing should be prevented.

Not even a 50 gram gold bar can be bought anonymously from next year. If the current price of 2100 euros but above the new cash threshold of 2000 euros. In the future, cash purchases for the precious metals trader will require: Request, copy or scan the buyer's ID and keep the document for five years.

Swiss gold exports to the United Kingdom rose to the highest in six years, driven by a surge in demand for exchange-traded funds.

Switzerland shipped 90.7 tons of bullion to the U.K. in July, the most since September 2012, according to data on the website of Swiss Federal Customs Administration. That compares with just 7.4 tons in June.

A two-kilogram gold nugget worth up to $160,000 has been discovered by a lucky retiree.

The incredible find was made in the outskirts of Ballarat in Victoria on Friday.

Incrementum observes that in the West, trust is disappearing. People no longer trust their governments. They do not trust their politicians. They do not trust their scientists, or their economists. Experts are biased. The media is biased. Even systems and processes are no longer trusted – whether it’s education, healthcare, even democracy itself.

Prime Minister Dr Mahathir Mohamad says Malaysia is proposing a new currency based on gold, as this would be more stable than the current currency trading which is manipulative.

He said the precious metal could be used to evaluate import and export activities among the East Asian countries.

In summary, the prospects for gold given the macro-economic backdrop, fiscal and monetary policy outlook, flow dynamics (reserve managers/investments) and political/event risk dynamics are likeable. Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for capital preservation.

In total, private individuals in Germany own around 8,918 tonnes of gold.

If one were to collect the precious metal from all the repositories in the different corners of the republic and combine them with the gold reserves of the Bundesbank, then this would result in an imposing treasure of 12,288 tons. That sounds huge, but that's 6.5 percent of the world's gold reserves.

You will find that gold bullion will also get caught up in a liquidity crisis in Europe where you will be unable to sell it even if you have purchased it with cash after taxes. The hunt for taxation is really destroying the world economy far more than people are aware and Europe is in first place.

Gold will survive long-term. But don’t count on it being available during the period before the crash and burn.