A recent episode of GoudKoorts, presented by Gold Republic, focuses on growing economic concerns in Europe, with particular attention to declining industry and the potential threat of recession.
Germany: “the sick man of Europe”
Bart discusses the alarming signals, among others, from the industrial sector in Germany, which was once considered Europe’s industrial power. Bart highlights the various factors contributing to this decline, from the war in Ukraine to mismanagement.
Bart then discusses the effects of the ever-increasing mountain of debt. We see that the number of debts is increasing everywhere. How long can this go on? And what could the possible consequences be?
Bart ends the episode with a reflection on the value of diamonds. Of course, Bart is known for his love of gold and silver, but diamonds seem to be coming into the spotlight as a potential investment.
The possible impact on the price of gold
The above developments are a possible sign of financial chaos. One of the asset classes that investors often look to as a safe haven during uncertain economic times is gold. Therefore, it is interesting to examine gold as a possible part of an investment portfolio.
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