Founders Friday: Gold, France, China, Trump 2.0

Happy Friday

Housekeeping: Happy Friday

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Intro:

Light Day for Gold and good macro analysis. Here are some notes on the best we saw

• Rabo is a good read and BOA has some good graphics.

• MUFG on Gold was interesting but brief.

• We’re beginning to think after looking at the TS Lombard piece that China’s stopping Gold purchases may be also directly related to their struggle to balance between internationalization and capital flight.

• The French situation is very interesting politically as MAcron has managed to unite the far left ( lower the retirement age) with the far right (reduce immigration)

Contents

1. MUFG: Which Banks Admit Buying Gold Now

2. Frexit Reborn ( 2 pieces)

3. RABO on US Elections

4. TS Lombard: China may consider MMT???

5. BOA: Spending has its generational differences