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May Gold News 2019


US Congressman introduces Gold Standard Bill to the House of Representatives

US Congressman introduces Gold Standard Bill to the House of Representatives

Last Tuesday, Republican Congressman Alex Mooney (West Virginia) introduced this bill to the House of Representatives, in the hope of the act becoming law and forcing the US government to audit the nation’s gold reserves.

To date, the US is estimated to hold 8,133.5 tonnes of gold in storage – the most of any nation in the world - but no such audit has ever successfully been performed by authorities in America.

Stock market selloff as Trump tweets tariff threat to China

Stock market selloff as Trump tweets tariff threat to China

Global stock markets are rushing to sell following President Trump’s warning to China on Sunday that a tariff hike and fresh tariffs would be coming their way if they didn’t stop stalling talks.

Trump warned China that he would up the tariff rate to 25% on $200 billion worth of Chinese imports. Robert Lighthizer - US Trade Representative – accused Beijing of going back on promises already made.

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